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.

Rajarshi Mitra Independent Analyst

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

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.

Author

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.