Home Bitcoin Technical Analysis: BTC/USD bulls face no strong resistance level on path back to $7,000 – Confluence Detector

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Bitcoin Technical Analysis: BTC/USD bulls face no strong resistance level on path back to $7,000 – Confluence Detector

FX Street

Published date: 2 Apr. 2020 | 03:22

BTC/USD rose from $6,425.80 to $6,666.15 this Wednesday.
Strong support lies at $6,510.

BTC/USD daily confluence detector

BTC/USD bears took back control in the early hours of Thursday as the price went down from $6,666.15 to $6,638.80. However, there are no visible resistance levels on the upside, so the price can go up even more. On the downside, strong support lies at $6,510, which has the one-day Fibonacci 38.2% retracement level.

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