- BTC/USD is priced currently at $11,900 in the early hours of Thursday.
- Confluence detector shows three intense resistance levels beyond $12,000.
BTC/USD has had a bearish start to the day as the price has gone down from $11,990 to $11,900. This Wednesday was extremely bullish for BTC/USD as the price shot up from $10,840 to $11,990. The daily confluence detector shows three strong resistance levels beyond $12,000.
BTC/USD daily confluence detector
The three resistance levels are at $12,050, $12,175 and $12,350. The $12,050 level has the 15-min previous high, 1-hour previous high, 4-hour previous high and 1-day previous high. The $12,175 level doesn’t have any confluences. Finally, the $12,350 level has a monthly 23.6% Fibonacci retracement level.
On the downside, the support levels are at $11,680 and $11,540. The $11,680 level has weekly the 61.8% Fibonacci retracement level while the $11,540 level has the 10-day simple moving average (SMA 10) and SMA 50 curves.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.