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Bitcoin Price Prediction: BTC/USD downward spiral may be stopped by $7,800 support level – Confluence Detector

Updated: 10 Mar. 2020 | 03:02

BTC/USD fell from $8,905 to $7,930.85 over the last two days (Sunday and Monday)
There is strong resistance at $7,940.

BTC/USD daily confluence detector

BTC/USD has dropped from $7,930.85 to $7,895.30 in the early hours of Tuesday as the freefall continues. The daily confluence detector shows a strong resistance level at $7,940, which has the SMA 5, one-week Fibonacci 161.8% retracement level and one-day Bollinger Band. On the downside, healthy support lies at $7,800, which has the one-month Pivot Point.

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