- Bearish and bullish pressure cancels out amid declining trading activity.
- Bitcoin recently added significantly to its value jumping above $4,000.
- There are just about the same resistance levels for Bitcoin as they are support levels.
The bear pressure and the bullish pressure appear to be canceling out as Bitcoin maintains the position above $3,800. Bitcoin recently added significantly to its value and jumped above $4,000. Bitcoin bulls confidence increased as buying entries skyrocketed. Bitcoin zoomed towards $4,200 but formed a high around $4,187 before it crashed towards the main support at $3,700.
Confluence Indicator technical levels
According to the confluence detector tool, there are just about the same resistance levels for Bitcoin as they are support levels. However, the bulls must brace themselves to overcome the main resistance level at $3,836.61. - $3,876.30 to open Bitcoin price path to $4,000.
These are the confluence resistance levels to look out for in the coming sessions: $3,836.61. - $3,876.30, $3,916.00 - $3,955.69 and $4,114.47 - $4,154.16.
- $3,836.61. - $3,876.30: The 5-day Simple Moving Average (SMA) 15-minutes chart, the 61.8% Fibonacci 1-minute chart. The 10-SMA 15-minutes chart, the previous high on the 15’ chart, the Bollinger Band 15’ middle curve, the 5-day SMA 1-hour chart, the 38.2$ Fib level weekly chart, the previous high 1-day chart and the Bollinger Band 15’ upper curve.
- $3,916.00 - $3,955.69: Pivot Point 1 Month R1.
- $4,114.47 - $4,154.16: Pivot Point 1 week R1 and the previous Month High.
These are the confluence support levels to look out for in the short-term: $3,796.91- $3,757.22, $3,717.52 -$3,677.83 and $3,638.14 - $3,558.75.
- $3,796.91- $3,757.22: The 23.6% Fib retracement level on the daily chart, the 100-day SMA daily chart and the Bollinger Band 1-hour lower curve.
- $3,717.52 -$3,677.83: The Bollinger Band daily chart middle curve, the pivot point 1-day S1, the previous low on the daily chart and the pivot point monthly chart R1.
- $3,638.14 - $3,558.75: 50-day SMA daily chart, the 38.2% Fib level monthly chart, the 200-day SMA 4-hour chart, pivot point 1 day S2 the previous week low and the 161.8% Fibo on the daily chart.
BTC/USD daily confluence detector
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Lido Price Forecast: LDO eyes further gains as BitGo enables native ETH staking via Lido
Lido DAO (LDO) edges higher by over 5% at press time on Friday, extending its five consecutive days in the green. LDO gains momentum following BitGo's announcement on Thursday of native Ethereum (ETH) staking via Lido for its institutional clients.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC nears all-time high, ETH eyes $4,000, XRP sets new record
Bitcoin (BTC) price is trading above $120,000 on Friday, inching closer to its all-time high of $123,218. Ethereum (ETH) price has surged by over 20% so far this week, with bulls aiming for the $4,000 level next.
Top Crypto Gainers: Hedera, Flare, Ripple – HBAR, FLR, XRP make waves with double-digit gains
Hedera (HBAR), Flare (FLR), and Ripple (XRP) continue to extend their double-digit gains from Thursday, outperforming the broader market over the last 24 hours. The surge in altcoins aligns with Bitcoin (BTC) reclaiming the $120,000 level and an improvement in broader market sentiment.
Trump to introduce crypto to $9 trillion retirement market: Financial Times
US President Donald Trump is preparing to sign an executive order allowing 401(k) accounts to invest in cryptocurrencies as part of their retirement plans, the Financial Times reported on Thursday.
Bitcoin: BTC sets sight on fresh all-time highs after US passes key crypto bills
Bitcoin (BTC) posted a strong performance this week, hitting a new all-time high of $123,218 to start the week before consolidating around $118,000 as of Friday.
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.