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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

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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.

More from Rajarshi Mitra
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