The daily confluence detector shows two healthy resistance levels on the upside. On the downside, there is one support level of note at $8,235. BTC/USD has gone up from $8,267.85 to $8,290.60 so far today. Like the rest of the crypto market, BTC/USD suffered a heavily bearish Friday, as well. The price of the asset fell from $8,588 to $8,267.85 amidst high selling pressure after it reached an intra-day high of $8,838.15. The daily confluence detector shows us that there are several resistance levels on the upside, hampering further growth. BTC/USD daily confluence detector The two resistance levels of note are at $8,380 and $8,485. $8,380 has the four-hour previous high, one-hour Bollinger band middle curve, 15-min Bollinger band upper curve, five-day Simple Moving Average (SMA 5) and SMA 100. $8,485 has the one-month Fibonacci 23.6% retracement level. On the downside, there is only one support level of note at $8,235. It sees a confluence of the SMA 50, SMA 200, one-hour previous low, four-hour previous low and one-day previous low. 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 Forex News Today: Daily Trading News share Read Next Ripple technical analysis: XRP/USD consolidates in a flag formation as bulls attempt to break above downward trending line FX Street 4 years The daily confluence detector shows two healthy resistance levels on the upside. On the downside, there is one support level of note at $8,235. BTC/USD has gone up from $8,267.85 to $8,290.60 so far today. Like the rest of the crypto market, BTC/USD suffered a heavily bearish Friday, as well. The price of the asset fell from $8,588 to $8,267.85 amidst high selling pressure after it reached an intra-day high of $8,838.15. The daily confluence detector shows us that there are several resistance levels on the upside, hampering further growth. BTC/USD daily confluence detector The two resistance levels of note… 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.
