Bitcoin price prediction: Massive sell-off sees BTC/USD go down from $9,448.15 to $9,256.35 in 15 mins, more drop expected? - Confluence Detector


  • BTC/USD went down after encountering resistance at the $9,560 level.
  • The confluence detector shows a lack of healthy support levels.

BTC/USD had a heavily bearish Monday, wherein it fell from $9,560.50 to $9,223.15. There was a massive sell-off towards the end of the day, which saw BTC/USD go down from 9,448.15 to $9,256.35 in just 15 mins. Currently, the price has recovered a bit to $9,245.25 in the early hours of Tuesday. The hourly breakdown shows us that BTC/USD had fallen to 9,350, where it trended horizontally for a bit before the bears took control and brought the price down.

BTC/USD daily confluence detector

fxsoriginal

So, is BTC/USD going to fall even more? The daily confluence detector shows us that this is a distinct possibility. 

There are no healthy support levels on the downside except for $9,225, which has the one-week Pivot Point resistance one.

On the upside, there are two strong resistance levels at $9,700 and $9,750. $9,700 has the one-month Fibonacci 61.8% retracement level, while $9,750 has the one-week Pivot Point resistance two.
 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Semler Scientific reveals plans to buy 105,000 BTC by 2027

Semler Scientific reveals plans to buy 105,000 BTC by 2027

Semler Scientific (SMLR) announced a three-year plan on Thursday to boost its Bitcoin holdings to 105,000 BTC by the end of 2027. The announcement comes after it appointed a new executive to spearhead its Bitcoin strategy.

Ethereum Price Forecast: ETH network growth explodes as GENIUS Bill advances

Ethereum Price Forecast: ETH network growth explodes as GENIUS Bill advances

Ethereum (ETH) is trading around $2,500 in the early Asian session on Friday despite a surge in new address growth over the past month. The development follows progress in digital assets regulations after the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) bill passed the Senate.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP consolidate as traders await Trump’s decision

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP consolidate as traders await Trump’s decision

Bitcoin (BTC) price is hovering above the key support level on Friday; a breach below this level could trigger a sharp decline. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and stabilized around their crucial levels, with a failure below their support levels indicating a potential correction ahead.

Top Crypto Gainers: OKB, Sei, Bitcoin Cash – Altcoins shine through amid market volatility

Top Crypto Gainers: OKB, Sei, Bitcoin Cash – Altcoins shine through amid market volatility

The top cryptocurrencies in the market remain quiet at crucial support levels, while some altcoins experience a bullish spark. Top performers over the last 24 hours include OKB (OKB), Sei (SEI), and Bitcoin Cash (BCH) with over 8% recovery and key resistance breakouts. 

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin: BTC could slump to $100K amid Trump-Musk tussle

Bitcoin (BTC) tumbled to a low of $101,095 on Friday amid volatility in the market. The effect of the tussle between United States (US) President Donald Trump and Tesla Chief Elon Musk negatively influenced the NASDAQ and Tesla's stock price on Thursday, although both are recovering on Friday.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP