Rajarshi Mitra
Independent Analyst
- The confluence detector shows a lack of strong resistance levels on the upside.
- BTC/USD fell from $5,346.10 to $5,035.20 this Monday.
BTC/USD daily confluence detector
BTC/USD bulls picked up the pace this Tuesday as the price went up from $5,035.20 to $5,225.67. This followed a bearish Monday wherein it fell from $5,346.10 to $5,035.20. The daily confluence detector shows a lack of strong resistance levels on the upside, so you can expect the price to go up even more. On the downside, there is a healthy support level at $5,070, which is keeping the price above the $5,000-level. The $5,070 level has the one-week Fibonacci 23.6% retracement level.
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