Bitcoin Price Prediction: BTC/USD breaks past $10,000 again. Is $10,500 possible? - Confluence Detector


  • Confluence Detector show shows two strong resistance levels at $10,350 and $10,400.
  • On the downside, healthy support lies at $10,150.

BTC/USD Confluence Detector

fxsoriginal

BTC/USD climbed from $9,856.50 to $10,269.55 this Tuesday and gone up further to $10,298.85 in the early hours of Wednesday. As per the daily confluence detector, there are two strong resistance levels at $10,350 and $10,400. $10,350 has the one-day Previous High while $10,400 has the 15- Previous High and one-month Pivot Point resistance-one. On the downside, healthy support lies at $10,150, which has the one-day Fibonacci 38.2% retracement level.
 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Prediction: BTC/USD bulls try to take back control after a bearish Monday

$9,702.80 to $9,736. This follows a heavily bearish Monday wherein the price fell from $9,922.30 to $9,702.80. As per the confluence detector, the bulls will need to overcome two strong resistance levels at $9,745 and $10,040.

More Bitcoin News

Ripple Price Analysis: XRP/USD bulls match to jumpstart rally to $0.35

Ripple is making a comeback towards the broken support at $0.30. The recovery follows a slump from highs marginally under $0.35 to lows of $0.27119. The Bollinger bands daily middle curve formed ...

More Ripple News

ETH/USD tug of war at $270 intensifies as $280 beckons

Ethereum managed to stay above the support at $240 during the bearish Monday. Also contributing to the support was the long term ascending trendline. The recovery from the support has been steady enough to hit levels slightly above $270. 

More Ethereum News

XMR/USD bulls make a comeback after finding support on the SMA 20 curve

XMR/USD bulls jumped up from the support provided by the SMA 20 curve to rise from $82.68 to $83.13. Before this, the market suffered from three straight bearish days following its repeated failure to ...

More Monero News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

BTC

ETH

XRP