Bitcoin Price Prediction: BTC/USD continues correction, however confluence detector shows a lack of strong resistance levels
|- BTC/USD fell from $10,167.15 to $9,852.54 this Monday.
- There is a healthy support level at $9,575.
BTC/USD daily confluence detector
The bears have been in control of the BTC/USD market since Monday. BTC/USD had fallen from $10,167.15 to $9,852.54 this Monday and has dropped further to $9785.45 in the early hours of Tuesday. There is a healthy support level at $9,585, which will look to prevent any further drop in price. This level has the Previous Month high and one-week Fibonacci 38.2% retracement level. On the upside, there is a lack of strong resistance levels, so if the bulls can take back control, they should be able to move the price back above $10,000.
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