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Bitcoin Price Analysis: BTC/USD bulls stage a comeback as confluence detector shows lack of strong resistance levels

  • BTC/USD has strong support at $9,525 to hold the price up.
  • Daily confluence detector shows lack of strong resistance till $10,795.
Bitcoin Price Analysis: BTC/USD bulls stage a comeback as confluence detector shows lack of strong resistance levels
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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The price went up from $9,512.10 to $9,543 so far this Thursday. There are no strong resistance levels, but immediate support lies at $9,525. This level has the one-day Fibonacci 38.2% retracement level, 15-min Bollinger Band lower curve, Previous Month high, 4-hour SMA 50 and one-hour SMA 200.

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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