- The support level has been detected at $7,090.
- Resistance levels are at $7,260 and $7,360.
BTC/USD daily confluence detector
BTC/USD charted its fourth straight bearish day this Thursday as it crumbled under selling pressure and went down below the $7,200-level. Currently, it is priced at around $7,190. The daily confluence detector shows us that the price is cut off on the top by two resistance levels at $7,260 and $7,360. On the downside, the support level is at $7,090.
$7,260 has the one-week Fibonacci 23.6% and one-month Fibonacci 23.6% retracement levels, while $7,360 has the one-week Fibonacci 38.2% retracement levels and the one-day Bollinger Band middle curve. The $7,090 support level has the one-day Previous Low, one-day Pivot Point support one and Previous Week low.
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