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

Bitcoin Price Forecast: BTC/USD consolidates above $13,000 – Confluence Detector

  • BTC/USD bulls have taken control of the market in the early hours of Friday.
  • The daily confluence detector shows one healthy support at $10,900.
Bitcoin Price Forecast: BTC/USD consolidates above $13,000 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

fxsoriginal

BTC/USD has gone up from $11,327.13 to $11,339 in the early hours of Friday, as the buyers consolidate the price above $11,300.  The daily confluence detector has one healthy support level at $10,900., which has the weekly Pivot Point one support-two and one-month Fibonacci 23.6% retracement level.

On the upside, we have three strong resistance levels at $11,475, $11,800 and $11,900. The $11,475-level has the Previous Week low, while the $11,800-level has the one-week Fibonacci 23.6% retracement level. Finally, the $11,900 resistance level has the daily Pivot Point one resistance-two and one-week Fibonacci 38.2% retracement level.

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

Crypto Market Overview: Bitcoin holds above $77,000 – PENGU and AAVE eye further gains

Crypto Market Overview: Bitcoin holds above $77,000 – PENGU and AAVE eye further gains

The broader cryptocurrency market is gaining momentum with Bitcoin above $77,000 holding its 23% gains from last week. Renewed institutional demand, with $1.92 billion in inflows last week, the largest so far in 2026, backs the risk-on sentiment. Pudgy Penguins and Aave have emerged as top performers over the last 24 hours.

Top 3 Price Prediction: BTC, ETH and XRP pause as momentum indicators signal overbought conditions, massive rallies

Top 3 Price Prediction: BTC, ETH and XRP pause as momentum indicators signal overbought conditions, massive rallies

Bitcoin, Ethereum, and Ripple hover around key levels on Monday, with a bullish bias but appearing stretched after surging over 23%, 31% and 53% in the previous week. Such a massive rally suggests the top three cryptocurrencies could consolidate or pull back in the short term as traders take profits.

I thought newly launched meme coins were my ticket to wealth: Here's what actually happened

I thought newly launched meme coins were my ticket to wealth: Here's what actually happened

I’ve been trading cryptocurrencies for the past seven years, with meme coins becoming one of the most exciting and implacable parts of my experience. I love them because they represent internet culture and community sentiment, and let’s be honest, extreme speculation. Newly launched meme coins were especially tempting: get in early enough, I thought, and a small bet could turn into a huge return.

Bitcoin eyes breakout above $80,000 as macro tailwinds build

Bitcoin eyes breakout above $80,000 as macro tailwinds build

Bitcoin’s (BTC) latest rally is primarily driven by improving macroeconomic conditions rather than crypto-specific factors, according to a Thursday report by CoinShares. The firm stated that recent economic data have weakened the case for further US monetary tightening.
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.