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

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.
 

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 breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000. However, the buyers failed to develop an upside momentum above the critical resistance and the coin returned to $6,900 by press time.

More Bitcoin News

Why XRP/USD bottom eyes $0.05 mid-2020?

Ripple has remained relatively bullish from Monday this week following a breakdown over the weekend. XRP/USD refreshed the levels around $0.16 before focusing on recalling the ground towards $0.20. 

More Ripple News

ETH/USD needs to retest $140.00 before another attempt at $150.00

ETH/USD is changing hands at $144.50. The second-largest digital asset has gained nearly 4% in the recent 24 hours amid Bitcoin-led recovery on the cryptocurrency market. 

More Ethereum News

IOTA Price Analysis: IOTA scored by Crypto Ratings Council; IOT/USD goes into recovery mode

IOTA, now the 24th largest digital asset with the current market value of $429 million and an average daily trading volume of $12 million. At the time of writing, IOT/USD is changing hands at $0.1528. 

More IOTA News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000.

Read the weekly forecast

BTC

ETH

XRP