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Bitcoin Price Prediction: Persistent bulls take the price back above $11,800 – Confluence detector

Bitcoin Price Prediction: Persistent bulls take the price back above $11,800 – Confluence detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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BTC/USD bulls attempt to fight back following a bearish Wednesday. The price has gone up from $11,758,56 to $ 11, 809.33. The daily confluence detector shows one strong resistance and support level at $12,250 and $11,700.

The $12,250 resistance level has the monthly Pivot Point one resistance-one and one-day Bollinger Band middle curve. Finally, the $11,700 level has the one-day Fibonacci 23.6% retracement level.

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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