Bitcoin Price Prediction: BTC/USD bulls struggling for juice to conquer $4000 – Confluence Detector
|- Bitcoin price in the second half of the session of Wednesday trading with gains of over 2%.
- BTC/USD bulls continue to struggle to conquer the $4000 price territory.
Bitcoin price in the latter part of Wednesday session was trading up with gains of some 2%. As the bulls look to the further storm above the supply area seen within the early $4000 price territory. BTC/USD pushes up to the highest levels seen since 21st March.
BTC/USD bulls extend further to the north following a decent catch from support seen just below, a tracking ascending trend line. It has been active since mid-February, providing necessary comfort when required.
Given current upside momentum, eyes must be on the next big areas of resistance. Firstly; $3985.65, daily 10SMA, weekly pivot point support, weekly 38.2% Fibonacci, $4068.98, weekly pivot point resistance and $4193.98 weekly pivot point resistance.
BTC/USD daily confluence detector
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.