Bitcoin price prediction: BTC/USD bulls are gunning for $10,000 and beyond – Confluence detector

  • Bitcoin is holding big gains of over 2% in the latter part of the session on Wednesday.
  • BTC/USD bulls consolidated for much of Wednesday, ahead of further potential moves north.
  • The next area of interest for the bulls will likely be $10,000.

Bitcoin price managed to pick up some momentum higher towards the late part of Wednesday. The price was seen holding decent gains of 2.0% in the latter part of the day. BTC/USD is holding steady above the $8000 price territory.

BTC/USD is running at three consecutive weeks in the green, it has gained a whopping 60% over the mentioned period. There is a lack of slowdown signs at present, with eyes locked in $10,000.

In terms of the key levels to note via the daily confluence detector, to the upside; $8179.01, daily 23.6% Fibonacci, $8348.25, daily pivot point resistance. To the downside; $8094.39, daily 38.2% Fibonacci, $7925.15, daily 61.8% Fibonacci.

BTC/USD daily confluence detector 

 

 

BEST BROKERS TO TRADE CRYPTO

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.