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Bitcoin Price Prediction: BTC/USD readies itself for weekend push to $10,000 – Confluence Detector

  • BTC/USD bulls took charge of the market in the early hours of Saturday.
  • BTC/USD has one healthy support level at $9,525. 
Bitcoin Price Prediction: BTC/USD readies itself for weekend push to $10,000 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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BTC/USD went up from $9,551.0 to $9,570. The daily confluence detector shows a lack of strong resistance level, so more price growth is expected. The bulls presently have a clear path back to the $10,000-level. As such, a return to those levels isn’t completely out of the question. On the downside, there is a healthy support level at $9,525

This $9,525 level has the one-day SMA 5, one-week Fibonacci 38.2% retracement level, one-day Pivot Point support-one, and one day Previous Low.
 

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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