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Bitcoin Price Prediction: Having dropped BTC/USD below $10,000, will the bears now aim for $9,500? - Confluence Detector

  • On the upside, there are two strong resistance levels at $9,715 and $9,920.
  • BTC/USD has two healthy support levels at $9,585 and $9,415.
Bitcoin Price Prediction: Having dropped BTC/USD below $10,000, will the bears now aim for $9,500? - Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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BTC/USD has fallen from $10,197.35 to $9,617 so far this Wednesday, going below the key $10,000 psychological level. The bears will now aim to take the price below the $9,500, but to do that, they will need to conquer the $9,585 support level, which has the Previous Month high. There is another moderate support level at $9,415, which has the one-week Pivot Point support-two.

On the upside, there are two notable resistance levels at $9,715 and $9,920. $9,715 has the Previous Week low, while $9,920 has the 4-hour Bollinger Band and one-week Pivot Point support-one.
 

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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