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

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.
 

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.

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