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Bitcoin Price Prediction: Will BTC/USD finish above the $8,500 psychological level by EOD? - Confluence Detector

  • The daily confluence detector shows a lack of strong resistance levels on the upside.
  • On the downside, there is a healthy support level at $8,200.
Bitcoin Price Prediction: Will BTC/USD finish above the $8,500 psychological level by EOD? - Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

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BTC/USD jumped from $8,105 to $8,395, as the bulls have an eye on the $8,500 psychological level. The daily confluence detector shows us that there is a lack of resistance levels on the upside, which could push the price past the $8,500 level. On the downside, there is a healthy support level at $8,200. $8,200 has the one-day Previous High, one-week Fibonacci 23.6% retracement level, 15-min and four-hour Bollinger Bands.
 

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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