TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Bitcoin Price Forecast: BTC/USD bulls shoot price above $11,800, aim for $12,000  – Confluence Detector

  • BTC/USD has strong resistance at $12,300.
  • On the downside, a healthy support stack lies between $11,485 - $11,600.
Bitcoin Price Forecast: BTC/USD bulls shoot price above $11,800, aim for $12,000  – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence

fxsoriginal

BTC/USD bulls stayed in control for the third straight day as the price went up from $11,795.39 to $11,817. Having taken the price above $11,800, the bulls will next want to aim for the $12,000-level. As per the daily confluence detector, BTC/USD has strong resistance at $12,300, which has the one-week and one-month Pivot Point resistance-one. 

On the downside, there is a healthy support stack between $11,485 - $11,600. This stack is highlighted by the one-day Fibonacci 23.6% retracement level, one-week Fibonacci 61.8% retracement level 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.

More from Rajarshi Mitra
Share:

Editor's Picks

Ripple pulls back despite strong ETF inflows

Ripple pulls back despite strong ETF inflows

Ripple (XRP) is correcting on Monday, trading around $1.48, a 13% drop from last week’s peak of $1.70. The remittance token surged about 72% from $1.00 last week, in line with the broader crypto market’s bullish outlook.

Crypto Today: Bitcoin, Ethereum and XRP pull back as rally cools

Crypto Today: Bitcoin, Ethereum and XRP pull back as rally cools

The cryptocurrency market is broadly correcting on Monday as investors shift focus to profit-taking after last week’s rally. Bitcoin (BTC) is edging lower amid capped upside below $80,000, with immediate support at $77,000.

Bitcoin stalls as profit-taking starts 

Bitcoin stalls as profit-taking starts 

Bitcoin stalls near $77,000 on Monday after surging over 23% last week, marking its strongest weekly gain since mid-March 2023. US-listed spot ETFs recorded $1.92 billion in weekly inflows, their highest weekly inflow so far this year and the largest since October 2025.

Solana eyes $100 breakout amid governance voting, renewed ETF inflows

Solana eyes $100 breakout amid governance voting, renewed ETF inflows

Solana (SOL) edges lower to $94 on Monday, following a 27% rebound last week to a two-month high. SOL-focused Exchange Traded Funds (ETFs) recorded four consecutive days of inflows last week, totaling $28.34 million, suggesting renewed institutional buying.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.