- BTC/USD has been trending between $3,400 and $3,450 for the last six days.
- Daily confluence detector shows that BTC/USD is facing substantially strong resistance at $3,450 which the bulls need to break through.
BTC/USD has been trending between $3,400 and $3,450 for the past six days. Currently, the market faces stiff resistance at $3,450 while it has strong support levels at $3,400 and $3,350. Now, the buyers and sellers are pretty much canceling each other out, as the price keeps trending relatively sideways.
BTC/USD daily confluence detector
BTC/USD has two resistance levels at $3,450 and $3,550. The confluence in those areas are as follows:
- $3,450: 5-day simple moving average (SMA 5), 15-min Bollinger Band middle, 15-min Bollinger Band upper, SMA 10, 15-min previous high curve, daily Fibonacci 38.2% retracement level, SMA 100, SMA 50, hourly previous high, SMA 200, 4-hour previous high, hourly Bollinger band upper, weekly Fibonacci 38.2% retracement level, 4-hour Bollinger band middle.
- $3,550: Monthly 23.6% Fibonacci retracement level, daily 161.8% Fibonacci retracement level, daily Bollinger band middle.
BTC/USD has support levels at $3,400 and $3,350:
- $3,400: Hourly Bollinger band lower curve, daily 23.6% Fibonacci retracement level, 15-min Bollinger band lower curve, SMA 10, 4-hour previous low, SMA 50, SMA 100, SMA 5, hourly Bollinger band middle curve.
- $3,350: Monthly pivot point, daily pivot point, previous month low, previous week low.
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