Bitcoin Price Prediction: BTC/USD falls after failing at $10,500 level, settles around $10,200 - Confluence Detector


  • On the upside, there are two strong resistance levels at $10,345 and $10,265.
  • There is one healthy support level at $10,185.

BTC/USD daily confluence detector

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After a brief flirtation with the $10,500 level, BTC/USD dropped to $10,235.58 from $10,352.25 this Thursday. So far, in the early hours of Friday, the price has fallen further to $10,227.48. There is a healthy support level at $10,185, which is holding the price up. This level has the 15-min Bollinger Band, 4-hour Bollinger Band, one-day Previous Low, 4-hour Previous Low and SMA 5.

On the upside, there are two strong resistance levels for the bulls to overcome at $10,265 and $10,345. $10,265 has the one-hour Bollinger Band, one-hour Previous High, one-day Fibonacci 38.2% retracement level and SMA 5. Finally, $10,345 has the SMA 50, SMA 200 and one-month Pivot Point resistance-one.
 

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