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Bitcoin Price Prediction: BTC/USD bulls must overcome resistance at $5,430 to continue upward movement - Confluence Detector

  • BTC/USD has a healthy support level lies at $5,330.
  • On the upside, there are two strong resistance levels at $5,430 and $5,570.
Bitcoin Price Prediction: BTC/USD bulls must overcome resistance at $5,430 to continue upward movement - Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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BTC/USD bulls have remained in charge for a second straight day as the price went up from $5,337 to $5,392. The bulls face two strong resistance levels at $5,430 and $5,570. $5,430 has the one-day Fibonacci 23.6% retracement level, 15-min Bollinger Band and SMA 5. $5,570 has the 4-hour and one-day Previous Highs. On the downside, healthy support lies at $5,330, which has the one-day Fibonacci 38.2% retracement level and 4-hour Previous Low.
 

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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