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.
BTC/USD daily confluence detector
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
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.
