Home Bitcoin Price Prediction: BTC/USD bulls keep the price above $9,600
Crypto News

Bitcoin Price Prediction: BTC/USD bulls keep the price above $9,600

  • The bulls are in control of the market for the second day in a row, following this Wednesday’s massive bearish action.
  • There are two healthy support levels at $9,575 and $9,425 on the downside.

BTC/USD daily confluence detector

fxsoriginal

The bulls have taken control for the second straight day as they were able to push the price from $9,611 to $9,648.45 in the early hours of Friday. The daily confluence detector shows that there are two healthy support levels on the downside at $9,575 and $9,425, which are holding the price up. $9,575 has the Previous Month high, while $9,425 has the one-day Previous Low, one-week Pivot Point support-two and SMA 200. On the upside, there are two strong resistance levels at $9,900 and $10,025. $9,900 has the one-week Pivot Pint support-one and SMA 100, while $10,025 has the one-week Fibonacci 61.8% retracement level and SMA 10.
 

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.