Bitcoin Price Prediction: Is $9,000 a distant pipe dream? - Confluence Detector
|- BTC/USD bears take control for the third straight day.
- The daily confluence detector shows a lack of strong resistance levels on the upside.
BTC/USD daily confluence detector
BTC/USD fell from $8,723 to $8,695 in the early hours of Friday, charting a third straight bearish day in the process. Currently, it looks like the bulls simply don’t have the momentum needed to break past the $9,000 zone. The daily confluence detector shows us that there is a healthy support level at $8,485, which has the one-month Pivot Point resistance two and Previous Week high. Interestingly, there are no strong resistance levels on the upside. This means that if the bulls do manage to rally together, they will be able to break past the $9,000-level.
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