Search ForexCrunch
  • BTC/USD went up from $8,758 to $9,072.35 this Thursday.
  • There are three strong resistance levels on the upside at $9,065, $9,160 and $9,240.

BTC/USD daily confluence detector

fxsoriginal

BTC/USD dropped a little from $9,072.35 to $9,046 in the early hours of Friday. This followed a heavily bullish Thursday, where BTC/USD jumped up from $8,758 to $9,072.35. The daily confluence detector shows three strong resistance levels on the upside at $9,065, $9,160 and $9,240. $9,065 has the one-hour Previous Low, 4-hour Previous Low and one-hour Bollinger Band. $9,160 has the 4-hour Bollinger Band, while $9,240 has the one-month Fibonacci 38.2% retracement level and one-hour Bollinger Band.

On the downside, there is a healthy support level at $8,825, which has the SMA 5, SMA 10 and one-week Fibonacci 23.6% retracement level.