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Bitcoin Technical Analysis: BTC/USD has only one support level of note at $6,615 – Confluence Detector

  • There are no resistance levels of note on the upside.
  • BTC/USD dropped from $6,803.55 to $6,741.39 this Friday.
Bitcoin Technical Analysis: BTC/USD has only one support level of note at $6,615 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

BTC/USD daily confluence detector

fxsoriginal

BTC/USD had a slightly bullish start to the day as the price went up from $6,741.39 to $6,742.50. This followed a bearish Friday, where it dropped from $6,803.55. As per the daily confluence detector, there are no strong resistance levels on the upside. On the downside, there is only one healthy support level of note at $6,615. This level has the one-day SMA 5 and one-day Previous Low.
 

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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