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Bitcoin Price Prediction: BTC/USD tries to make most of miserable day by staying above $11,400 – Confluence Detector

Bitcoin Price Prediction: BTC/USD tries to make most of miserable day by staying above $11,400 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

fxsoriginal

BTC/USD had a devastatingly bearish Wednesday wherein it fell from $11,923.78 to $11,415. As of now, the bulls will simply look to above the $11,400 range. On the downside, they have heathy support at $11,300. This level has the daily Pivot Point one support-two, one-week Fibonacci 23.6% and one-month Fibonacci 61.8% retracement levels. 

On the upside, we have strong resistance at $11,600. This level is highlighted by the 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.

More from Rajarshi Mitra
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