Bitcoin Price Prediction: BTC/USD bulls try to take back control after a bearish Monday - Confluence Detector
|- BTC/USD plummeted from $9,922.30 to $9,702.80 ths Monday.
- On the downside, there is a healthy support level at $9,575.
BTC/USD daily confluence detector
BTC/USD bulls started strong this Tuesday, as the price went up from $9,702.80 to $9,736. This follows a heavily bearish Monday wherein the price fell from $9,922.30 to $9,702.80. As per the confluence detector, the bulls will need to overcome two strong resistance levels at $9,745 and $10,040. $9,745 has the Previous Week low and SMA 100, while $10,040 has the SMA 100 and one-week Fibonacci 68.2% retracement level. On the downside, there is healthy support at $9,575, which has the Previous Month high.
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