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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.

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