Bitcoin Technical Analysis: BTC/USD bears take over as price tries to stay above $6,700 – Confluence Detector


  • Healthy support for BTC/USD daily chart lies at $6,515.
  • There are no strong resistance levels on the upside.

BTC/USD daily confluence detector

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BTC/USD bears pulled back the price from $6,802.58 to $6,775.30 in the early hours of Friday. There are no healthy support levels that can keep the price in the $6,700-zone. However, if the bears want to pull the price below $6,500, they will need to conquer the $6,515 support level. The $6,515 level has the one-day Pivot Point support-one. On the upside, there are no strong resistance levels. So, if the bulls can regain control, they will be able to do some serious damage.
 

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