Bitcoin Price Prediction: Lack of support levels to hurt Bitcoin even more – Confluence Detector

BTC/USD fell from $6,75,68 to $6,377.83 this Friday.
There are two strong resistance levels at $6,280 and $6,315.

Rajarshi Mitra Independent Analyst

BTC/USD daily confluence detector

BTC/USD has fallen from $6,377.83 to $6,277 so far in the early hours of Saturday. The daily confluence detector shows a lack of any healthy support levels, so a further drop is expected. On the upside, there are strong resistance levels at $6,280 and $6,315. The former has the one-hour, 4-hour, and one-day Previous Lows, while the latter has the SMA 5 and one-day Bollinger Band.

Key Levels

BTC/USD

Overview
Today last price	6283.71
Today Daily Change	-90.66
Today Daily Change %	-1.42
Today daily open	6374.37

Trends
Daily SMA20	6302.13
Daily SMA50	8222.51
Daily SMA100	8213.42
Daily SMA200	8330.05

Levels
Previous Daily High	6874.75
Previous Daily Low	6272.67
Previous Weekly High	6983.8
Previous Weekly Low	5683.95
Previous Monthly High	10511.86
Previous Monthly Low	8431.17
Daily Fibonacci 38.2%	6502.67
Daily Fibonacci 61.8%	6644.76
Daily Pivot Point S1	6139.78
Daily Pivot Point S2	5905.19
Daily Pivot Point S3	5537.71
Daily Pivot Point R1	6741.86
Daily Pivot Point R2	7109.34
Daily Pivot Point R3	7343.93

Author

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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Bitcoin Price Prediction: Lack of support levels to hurt Bitcoin even more – Confluence Detector