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Bitcoin Price Analysis: BTC/USD continues to consolidate below the $10,000 level – Confluence Detector

  • BTC/USD bears took control following four straight bullish days.
  • The price faces strong resistance at $10,165.
Bitcoin Price Analysis: BTC/USD continues to consolidate below the $10,000 level – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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BTC/USD fell from $9,783.65 to $9,756.30, as the bears took control following four straight bullish days. The daily confluence detector shows a strong resistance level on the upside at $10,165. It has the one-day Bollinger Band upper curve, one-day Pivot Point resistance-one and one-week Pivot Point resistance-two. On the downside, there is healthy support at $9,540 and has the one-day Previous Low and Previous Month high.
 

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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