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Bitcoin Price Prediction: BTC/USD crosses $6,800 as path to $7,000 gets clear - Confluence Detector

  • BTC/USD went up from $6,693 to $6,757.45 this Thursday.
  • On the downside, healthy support lies at $6,710.
Bitcoin Price Prediction: BTC/USD crosses $6,800 as path to $7,000 gets clear - Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

Key Levels

  • Current Price: $6,822.
  • Open: $6,759.11 
  • High: $6,820.63 
  • Low: $6,758.58

BTC/USD daily confluence detector

fxsoriginal

BTC/USD bulls retained control of the market for the second straight day as the price crossed the $6,800-level. So far this Friday, the price went up from $6,759.11 to $6,822. This followed a bullish Thursday wherein the price rose from $6,693 to $6,757.45. The daily confluence detector shows us a lack of any strong resistance levels on the upside, which clears up the path back to $7,000 for the bulls. On the downside, healthy support lies at $6,710, which has the one-hour Previous Low, 4-hour Previous High and one-day Fibonacci 38.2% retracement level.
 

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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