Rajarshi Mitra
Independent Analyst
- BTC/USD gained more than $1,000 in valuation this Wednesday.
- The daily confluence detector shows a lack of strong resistance levels on the upside.
BTC/USD daily confluence detector
BTC/USD flew up from $7,758.34 to $8,790 this Wednesday, adding more than $1,000 to its valuation. Currently, the price has gone down a bit to $8,762.35 in the early hours of Thursday. There is a lack of strong resistance levels on the upside. On the downside, there are two healthy support levels at $8,000 and $7,885. The former has the one-week Pivot Point resistance-one, one-day Pivot Point resistance-three, one-day SMA 200, one-hour SMA 50. The $7,885-level has the one-day Pivot Point resistance-two, one-day Fibonacci 161.8% retracement level, 4-hour Bollinger Band middle curve and one-day Bollinger Band upper curve.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Hyperliquid risks breaking $40 support after correction from all-time high
Hyperliquid risks breaks below $40.00 support after reaching new record highs of $45.72 on Monday. Increasing volumes, coupled with a sharp decline in the derivatives market's Open Interest, suggest a decline in interest in HYPE as liquidations mount.
Crypto Today: Bitcoin, Ethereum, XRP broadly stall as Middle East tensions keep markets on edge
Bitcoin’s price action remains relatively muted below $107,000 as tensions in the Middle East thaw. US President Trump leaves the G7 meeting early, calls for the evacuation of Tehran amid uncertainty in global markets.
Cardano Price Forecast: ADA eyes further losses amid triangle fallout
Cardano trades in the red by over 1% at press time on Tuesday, extending its losses from the previous day. Shrugging off the recent announcement of the revised stake pool incentive scheme by Input/Output firm, pressure mounts over Cardano, with optimism in ADA derivatives declining.
Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war
Bitcoin price declines slightly to around $106,000 on Tuesday following a mild recovery the previous day. Donald Trump leaves the G7 summit early to return to Washington and meet with his national security team.
Bitcoin: BTC could slump to $100K amid Trump-Musk tussle
Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.