Home Bitcoin Price Prediction: BTC/USD must hurdle above $5500-600 for big moves north – Confluence Detector
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Bitcoin Price Prediction: BTC/USD must hurdle above $5500-600 for big moves north – Confluence Detector

FX Street
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  • Bitcoin price on Friday in the second part of the session is holding modest gains of some 3%.
  • BTC/USD bulls must breakdown the range of $5500-600 for a chunky wave of buying pressure.

 

Bitcoin’s price on Friday in the second half of the session is trading in positive territory, up some 3%.  BTC/USD  bulls are using the $5000 price mark as comfort area now, which could prove to be the new bottom zone.

BTC/USD next major challenge is eyed at the $5500-600 range, firstly however the bulls must breakdown the high print of 3rd  April up at around $5350. A push above should invite a fresh wave of buying pressure.

Looking via the daily confluence detector, firstly the barriers of resistance; $5085.06. daily pivot point resistance. $5189.20, daily pivot point resistance $5273.72, To the downside; $4980.91, 61.8% daily Fibonacci, $4928.38 38.2% Fibonacci.

BTC/USD daily confluence detector  

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