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.
Key Levels
- Current Price: $6,822.
- Open: $6,759.11
- High: $6,820.63
- Low: $6,758.58
BTC/USD daily confluence detector
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
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.
