Strong resistance lies at $8,485, which prevents movement back into the $8,500-zone. There is a lack of healthy support levels on the downside. BTC/USD has had a bearish start to Tuesday as the price dropped from $8,217 to $8,185. This Monday also turned out to be a seller-heavy one as BTC/USD fell from $8,235.70 to $8,217. The hourly chart shows us that intra-day resistances lie at $8,282.25 and $8,262. Apart from dropping at those two levels, the price has pretty much been trending horizontally. The daily confluence detector shows us that while there is a lack of healthy support levels, strong resistance lies at $8,485. BTC/UTD daily confluence detector $8,485 has the one-day Fibonacci 161.8% retracement level, previous week high and one-month Fibonacci 23.6% retracement level. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/JPY prints 2.5-month high on trade optimism and stock market rally FX Street 3 years Strong resistance lies at $8,485, which prevents movement back into the $8,500-zone. There is a lack of healthy support levels on the downside. BTC/USD has had a bearish start to Tuesday as the price dropped from $8,217 to $8,185. This Monday also turned out to be a seller-heavy one as BTC/USD fell from $8,235.70 to $8,217. The hourly chart shows us that intra-day resistances lie at $8,282.25 and $8,262. Apart from dropping at those two levels, the price has pretty much been trending horizontally. The daily confluence detector shows us that while there is a lack of healthy support levels,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
