BTC/USD fell from $8,357.40 to $8,162.80 this Tuesday. There are three resistance levels on the upside at $8,185, $8,285 and $8,480. Despite a bullish start to the day, the overall sentiment of the BTC/USD market definitely remains bearish. The asset faced a massive sell-off this Tuesday wherein the price dropped from $8,357.40 to $8,162.80. While it has since recovered to $8,173.45, the daily confluence detector shows that the bears are still in the driver seat. Since there are no visible support levels, a further drop in price can be expected. On the upside, the confluence detector has three resistance levels at $8,185, $8,285 and $8,480. BTC/USD daily confluence detector $8,185 has the one-hour previous high, 15-min previous high, 15-min Bollinger Band upper curve, four-hour previous high, one-week Fibonacci 61.8% retracement level and the 10-day Simple Moving Average (SMA 10) curve. $8,285 sees a confluence of the SMA 5, SMA 10 and SMA 200 curves while $8,480 has the 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 EUR/USD technical analysis: Lack of momentum between 21/50-day SMA FX Street 4 years BTC/USD fell from $8,357.40 to $8,162.80 this Tuesday. There are three resistance levels on the upside at $8,185, $8,285 and $8,480. Despite a bullish start to the day, the overall sentiment of the BTC/USD market definitely remains bearish. The asset faced a massive sell-off this Tuesday wherein the price dropped from $8,357.40 to $8,162.80. While it has since recovered to $8,173.45, the daily confluence detector shows that the bears are still in the driver seat. Since there are no visible support levels, a further drop in price can be expected. On the upside, the confluence detector has three resistance 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.
