Bitcoin Price Prediction: BTC/USD big resistance at $5500 could soon give way to bulls – Confluence Detector

  • Bitcoin price on Tuesday in the second part of the session is trading down with minor gains of some 1%.
  • BTC/USD bulls sees minor cooling after a decent run higher, the price had been on four consecutive sessions of advances.


Bitcoin’s price on Friday in the second half of the session is trading in negative territory, down some 1%. BTC/USD bulls see a minor period of cooling following a strong recent run north, as they eye a big resistance breakdown.

BTC/USD is flirting with a huge game-changing zone of resistance, which if broken down could allow a strong wave of buying pressure through. The price has been running higher for the past four consecutive sessions.

Looking via the daily confluence detector, firstly the barriers of support; $5182.24. weekly 23.6% Fibonacci. $5073.89, To the upside in terms of resistance; $5236.42, 61.8% daily Fibonacci. $5290.60, 38.2% Fibonacci.

BTC/USD daily confluence detector 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin will surpass gold by market value and cost over $500 000 in 9 years - Bobby Lee

One bitcoin will half a million dollars by 2028, according to Bobby Lee, the co-founder and the former CEO of China's lowest cryptocurrency exchange BTCC.

More Bitcoin News

Stellar (XLM) retreats from weekend high, stays in green on a day-to-day basis

Stellar (XLM) recovered from the recent low of $0.0683 to trade at $0.0815 on Sunday. By the time of writing, the coin has partially reversed the gains and settled act $0.0778; however, it still enjoys 3% of gains on a day-to-day basis. 

More Stellar Lumens News

Ethereum price analysis: ETH/USD sits in a long-term range

ETH/USD is trading at $186.57 at the time of writing, having retreated from the intraday high of $190.28. The second-largest digital asset with the current market value of $20.3 billion has lost 1.34% of its value since the beginning of Monday and stayed mostly unchanged on a day-to-day basis. 

More Ethereum News

Ripple price update: Reignited bearish momentum targets $0.27

Ripple continues to be depressed towards $0.27 (recent support). It is clear recovery towards $0.30 is nothing but a mirage based on the current technical picture.

More Ripple News


Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast