- BTC/USD bears took back control, following bullish Tuesday.
- As per the daily confluence detector, there is a strong resistance level at $9,545
BTC/USD daily confluence detector
BTC/USD dropped from $9,527.65 to $9,477.50 in the early hours of Wednesday as bears took control, following a bullish Tuesday. The daily confluence detector shows that BTC/USD lacks healthy support levels, so further price drop is possible. There is strong resistance at $9,545.
This $9,545–level has the 15-min Bollinger Band middle curve, 15-min Bollinger and lower curve, one-hour Bollinger Band middle curve, 15-min Previous High, one-hour Previous High, 4-hour Previous High, one-day Fibonacci 23.6% retracement level. 15-min SMA 5, one-hour SMA 5, 4-hour SMA 5, 15-min SMA 10, 15-min SMA 50, 4-hour SMA 50, 15-min SMA 100 and one-hour SMA 200.
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