Bitcoin Price Prediction: BTC/USD bulls are gunning for $10,000 and beyond– Confluence Detector

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  • Bitcoin is holding big gains of over 2% in the latter part of the session on Wednesday.
  • BTC/USD bulls consolidated for much of Wednesday, ahead of further potential moves north.

The next area of interest for the bulls will likely be $10,000.

Bitcoin price managed to pick up some momentum higher towards the late part of Wednesday. The price was seen holding decent gains of 2.0% in the latter part of the day. BTC/USD is holding steady above the $8000 price territory.

BTC/USD is running at three consecutive weeks in the green, it has gained a whopping 60% over the mentioned period. There are a lack of slowdown signs at present, with eyes locked in $10,000.

In terms of the key levels to note via the daily confluence detector, to the upside; $8179.01, daily 23.6% Fibonacci, $8348.25, daily pivot point resistance. To the downside; $8094.39, daily 38.2% Fibonacci, $7925.15, daily 61.8% Fibonacci.

BTC/USD daily confluence detector 

 

 

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