Bitcoin Price Prediction: BTC/USD bulls take back control and will need to overcome resistance at $6,960 to go past the $7,000 level - Confluence Detector


  • BTC/USD fell from $6,780 to $6,691.75 this Wednesday.
  • On the downside, there are two healthy support levels at $6,725 and $6,685.

Key Levels

  • Current Price: $6,714
  • High: 6,795 
  • Low: $6,691.66
  • R3: $7,475.01
  • R2: $7,229.40
  • R1: $6,960.39
  • PP: $6,714.78
  • S1: $6,445.77
  • S2: $6,200.17
  • S3: $5,931.15

BTC/USD daily confluence detector

fxsoriginal

BTC/USD went up from $6,691.75 to $6,714 as bulls took back control. The buyers will need to overcome resistance at $6,960 to go past the $7,000-level. This level has the Previous Week high. On the downside, there are two healthy support levels at $6,725 and $6,685. The former has the SMA 10, one-hour and 4-hour Previous Highs, while the latter has the SMA 10, SMA 100, one-day Fibonacci 38.2% retracement level and one-hour Bollinger Band.

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