BTC/USD: Bulls having a hard time breaking past $3,450 resistance - Confluence Detector

BTC/USD has been trending between $3,400 and $3,450 for the past six days. Currently, the market faces stiff resistance at $3,450 while it has strong support levels at $3,400 and $3,350. Now, the buyers and sellers are pretty much canceling each other out, as the price keeps trending relatively sideways.

BTC/USD daily confluence detector

BTC/USD has two resistance levels at $3,450 and $3,550. The confluence in those areas are as follows:

• $3,450: 5-day simple moving average (SMA 5), 15-min Bollinger Band middle, 15-min Bollinger Band upper, SMA 10, 15-min previous high curve, daily Fibonacci 38.2% retracement level, SMA 100, SMA 50, hourly previous high, SMA 200, 4-hour previous high, hourly Bollinger band upper, weekly Fibonacci 38.2% retracement level, 4-hour Bollinger band middle.
• $3,550: Monthly 23.6% Fibonacci retracement level, daily 161.8% Fibonacci retracement level, daily Bollinger band middle. 

BTC/USD has support levels at $3,400 and $3,350:

• $3,400: Hourly Bollinger band lower curve, daily 23.6% Fibonacci retracement level, 15-min Bollinger band lower curve, SMA 10, 4-hour previous low, SMA 50, SMA 100, SMA 5, hourly Bollinger band middle curve.
• $3,350: Monthly pivot point, daily pivot point, previous month low, previous week low.