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Bitcoin Price Analysis: BTC/USD falls below $9,000, can bears break below critical support level? – Confluence Detector

FX Street

Updated: 6 May. 2020 | 02:37

BTC/USD has strong resistance at $9,525.
On the downside, healthy support lies at $8,980.

BTC/USD daily confluence detector

BTC/USD dropped from $9,029.73 to $8,986, falling below the critical $9,000 psychological level in the process. On the downside, key support lies at $8,980, which needs to hold steady. This level has the 4-hour SMA 5, one-day SMA 5, one-hour SMA 10, 15-min SMA 50 and 15-min SMA 50. On the upside, strong resistance lies at $9,525, which has the Previous week and Previous month highs.

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