Bitcoin Price Prediction: BTC/USD bulls fail to stay above $6,725 resistance line as price falls - Confluence Detector
|- Earlier this Tuesday, BTC/USD went up from $6,500.70 to $6,768.85.
- The daily confluence detector shows a lack of healthy support levels on the downside.
BTC/USD daily confluence detector
BTC/USD bears took the price down from $6,768.85 to $6,675 this Wednesday. This followed a bullish Tuesday wherein the price jumped from $6,500.70 to $6,768.85.
The daily confluence detector shows a lack of healthy support levels on the downside. On the upside, there is only one resistance level of note at $6,725, which has the Previous Week high and one-day Pivot Point resistance-one. If the bears are to truly take control, there won’t be any healthy support levels to stop the downward movement.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.