Bitcoin price prediction: BTC/USD creeps towards $11,000  - Bitcoin confluence

  • BTC/USD consolidates under $11,000 with a bullish bias.
  • The next critical resistance awaits BTC bulls at $11,450.

Bitcoin (BTC) is consolidating gains below $11,000 handle. The first digital currency has barely moved from the Asian opening level and stayed unchanged from this time on Sunday.

Bitcoin confluence levels 

There are quite a number of technical indicators clustered both above and below the current price, which means we are in for range-bound trading in the short run. Let’s see what might stop further recovery or provide support in case of the sell-off.

Resistance levels

$11,000 -  this psychological barrier is strengthened by the upper line of 1-hour Bollinger Band and 38.2% Fibo retracement daily.
$11,450 - Pivot Point 1-month Resistance 2.
$12,150 - Pivot Point 1-week Resistance 3.

Support levels

$10,750 -  SMA50 (Simple Moving Average) 1-hour, middle line of 1-hour Bollinger Band and 61.8% Fibo retracement daily.
$10,400 - Pivot Point 1-day Support 1, the middle line of 4-hour Bollinger Band.
$10,000 - 161.8% Fibo projection daily, Pivot Point 1-month Resistance 1.

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD will not hit $8,000 unless it falls to $5,000 first

Bitcoin price attempt to climb the ladder above $7,000 was met by increased selling activities in the zone between $6,800 - $6,900. This left the psychological zone at $7,000 untested, however, the area remains critical to Bitcoin price near term trend.

More Bitcoin News

NEO/USD struggles to settle above $7.00 as the upside momentum fades away

NEO, now the 2nd largest digital asset with the current market value of $492 million, is hovering around psychological $7.00. The coin has gained over 2% on a day-to-day basis, however, the upside momentum has faded away during early Asian hours.

More Ripple News

Ethereum Price Analysis: ETH/USD has to decide where from here

Ethereum, the second-largest digital asset with the current market value of $15 billion, the tested area above $142.00 before retreating to the current levels.

More Ethereum News

XRP/USD vulnerable to downside correction

Ripple (XRP) has been the best-performing altcoin out of top-20 in recent 24 hours, The coin tested $0.1800 during late Thursday hours and managed to settle above $0.1700 on Friday. Ripple's total market capitalization is registered at $7.5 billion.

More Ripple News


Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast