Home Bitcoin NewsBitCoin Forex Bitcoin price prediction: BTC/USD bulls face no strong resistance on path back to $10,500 – FXStreet

Bitcoin price prediction: BTC/USD bulls face no strong resistance on path back to $10,500 – FXStreet

by admin
  • BTC/USD went up from $9,860 to $10,160 in the early hours of Saturday.
  • The price has healthy support levels on the downside.

BTC/USD has had a bullish start to Saturday as the price went up by $9,850 to $10,160. In fact, the price went up from $9,850 to $10,161 in just 15 mins, and since then it has been consolidating. The daily confluence detector shows a lack of any stable resistance levels, while there are some healthy support levels on the downside.

BTC/USD daily confluence detector

The support levels are at $10,060, $9,900 and $9,800-$9,835. The $10,060 support level has the 5-day simple moving average, 1-day pivot point resistance 2 and 1-day Fibonacci 161.8% retracement level. $9,900 is the strongest support level and it has the 1-month Fibonacci 61.8% retracement level, 1-day previous high, SMA 50 and SMA 200. Finally, there is a stack of support levels between $9,800-$9,835, which has the SMA 5, SMA 10, 1-week Fibonacci 23.6% retracement level, 1-hour Bollinger band middle curve and 1-day Fibonacci 61.8% retracement level.
 

Let’s block ads! (Why?)

Source link

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More