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Bitcoin Price Prediction: BTC/USD jumps into the $9,000 zone following three straight bullish days - Confluence Detector

  • Strong resistance level at $9,175 is pressing the price down.
  • On the downside, there are two healthy support levels at $9,000 and $8,825.
Bitcoin Price Prediction: BTC/USD jumps into the $9,000 zone following three straight bullish days - Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

fxsoriginal

Over the last three days, the bulls have taken full control of the BTC/USD market. The price jumped from the $8,332.50 support level and went to $9,105.35. As per the daily confluence detector, there is a strong resistance at $9,175, which has the one-hour Previous High, one-month Pivot Point resistance-three and one-day Bollinger Band upper curve.

On the downside, there are two healthy support levels at $9,000 and $8,825. $9,000 has the one-week Pivot Point, one-day and four-hour Previous Highs. Finally, $8,825 has the one-week Fibonacci 61.8% 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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