Home Bitcoin Price Prediction: BTC/USD keeps trending horizontally between $9,500-$9,200 – Confluence Detector
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Bitcoin Price Prediction: BTC/USD keeps trending horizontally between $9,500-$9,200 – Confluence Detector

FX Street
Updated:
  • BTC/USD has two strong resistance levels at $9,385 and $9,585.
  • There are no healthy support levels on the downside.

BTC/USD daily confluence detector

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BTC/USD dropped from $9,328.30 to $9,270.25. Over the last six days, BTC/USD has been trending in a narrow #300-range between $9,500-$9,200. The daily confluence detector shows a lack of healthy support levels on the downside, so the price may drop even lower. On the upside, there are two strong resistance levels at $9,385 and $9,585.

$9,385 has the SMA 5, SMA 100 and one-day Fibonacci 38.2% retracement level, while $9,585 has the Previous Week and Previous Month highs.
 

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