Bitcoin Price Prediction: BTC/USD $6000 new bottom area, bull to capitalize further – Confluence Detector

Bitcoin price on Thursday is trading marginally in the green, small gains in the second half of the session 0.5%.
BTC/USD bulls are making good headway through the $6000 territory, maintaining solid ground.

Ken Chigbo Independent Analyst

Bitcoin price in the second half of trading on Thursday is trading with marginal gains of over 0.5%. The BTC bulls are keeping control of the upside momentum, as the price continues solid form through $6000 territory.

BTC/USD is outperforming in comparison to its peers, there is starting to be a clear breakaway between Bitcoin and the other altcoins. There is a noteworthy disconnect, as it makes way towards $7000 return.

Looking via the daily confluence detector, firstly the barriers of resistance; $6072.12, daily pivot point resistance, $6197.77 daily pivot point resistance. To the downside in terms of support; $6009.30, weekly pivot point support, $5946.48, monthly pivot point support, $5883.65, daily 38.2% Fibonacci.

BTC/USD daily confluence detector

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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