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Bitcoin Price Forecast: Can BTC/USD bounce up from good support levels to cross $10,000? – Confluence Detector

  • BTC/USD daily confluence detector shows a lack of strong resistance levels.
  • Healthy support for the price lies at $9,700 and $9,300.

BTC/USD daily confluence detector

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BTC/USD has gone up from $9,780 to $9,815.80 in the early house of Friday. The price has two healthy support levels at $9,700 and $9,300. The former has the one-month Fibonacci 23.6% retracement level, one-day Fibonacci 61.8% retracement level, Previous Week high, one-hour SMA 50 and 15-min SMA 200. 

The $9,300-level has the one-week Fibonacci 38.2% retracement level, 4-hour Bollinger Band lower curve, one-day Pivot Point support-two. No strong resistance levels are holding the price down.
 

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