BTC/USD dropped from $8,215.70 to $8,030.50 this Tuesday. The resistance level at $8,090 prevents any further upward movement. After a brief foray into the $8,200-zone, BTC/USD had a hugely bearish Tuesday, wherein the price fell from $8,215.70 to $8,030.50. Since then, the bulls have tried to recover the price this Wednesday as BTC/USD has slightly improved to $8,037.55. The hourly chart shows us that BTC/USD soared to $8,288.50, where it met resistance and dropped to $8,037.55. The daily confluence detector lacks any visible support levels, so further drop can be expected. BTC/USD daily confluence detector On the upside, the healthiest resistance level is at $8,090, which has the five-day Simple Moving Average (SMA 5), one-day Fibonacci 23.6% retracement level, and the 15-min Bollinger Band middle curve. The second strongest resistance is at $8,200, which has the SMA 5, SMA 100, one-day Bollinger band, one-hour Bollinger band, and one-day Fibonacci 61.8% retracement level. 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 Crypto News share Read Next RBNZ’s Hawkesby: Happy with the way interest rate cuts are feeding into the economy – MNI News FX Street 3 years BTC/USD dropped from $8,215.70 to $8,030.50 this Tuesday. The resistance level at $8,090 prevents any further upward movement. After a brief foray into the $8,200-zone, BTC/USD had a hugely bearish Tuesday, wherein the price fell from $8,215.70 to $8,030.50. Since then, the bulls have tried to recover the price this Wednesday as BTC/USD has slightly improved to $8,037.55. The hourly chart shows us that BTC/USD soared to $8,288.50, where it met resistance and dropped to $8,037.55. The daily confluence detector lacks any visible support levels, so further drop can be expected. BTC/USD daily confluence detector On the upside, the healthiest… 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.
