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Bitcoin Price Prediction: BTC/USD flies up and settles above $9,500

FX Street
Updated:
  • A strong resistance level lies at $9,580.
  • There are no healthy support levels on the downside.

BTC/USD daily confluence detector

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BTC/USD flew up from $9,165.30 to $9,625.25 as bulls took control this Wednesday. The price has settled down to $9,575 in the early hours of Thursday. The daily confluence detector shows us that there is a strong resistance level at $9,580. This level has the 15-min Previous High, Previous Week High and Previous Month High. The bulls should have enough momentum to take the price above this level. On the downside, there is a lack of healthy support that is holding the price up.

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