Bitcoin price prediction: The bears eke out the bulls again this Thursday, price keeps consolidating above $9,000
|- BTC/USD went down from $9,164.35 to $9,156.25 this Thursday.
- The daily confluence detector shows us that there are two resistance levels on the upside at - $9,175 and $9,220.
BTC/USD bears have remained in control of the market this Friday as the price went down from $9,156.25 to $9,117.30. Previously, the sellers managed to eke out the buyers this Thursday, as the price fell from $9,164.35 to $9,156.25. The hourly breakdown shows us that price found intraday support at $9,049.50 before flying up to $9,329.15 in just three hours. However, the bears soon regained control and corrected the price around $9,117.30. The daily confluence detector shows us that thee are two resistance levels at $9,175 and $9,220.
BTC/USD daily confluence detector
$9,220 has the 50-day Simple Moving Average (SMA 50), SMA 200 and one-week Pivot Point resistance one. $9,175 has the 15-min previous high, SMA 5, SMA 10, one-hour previous high and one-day Fibonacci 38.2% retracement level. On the downside, there is one healthy support level at $9,000, which has the SMA 200.
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.