- There is a lack of healthy support on the downside.
- Strong resistance lies at $7,230, $7,250 and $7,460.
BTC/USD daily confluence detector
BTC/USD bulls roared back this Wednesday by taking the price from $6,616 to $7,294. Currently, the price has gone down a bit to $7,169. The daily confluence detector shows three strong resistance levels on the upside at $7,230, $7,250 and $7,460.
$7,230 has the one-day and one-week Fibonacci 23.6% retracement levels, while $7,250 has the one-hour Previous Low and one-month Fibonacci 23.6% retracement level. $7,460 has the 200-day Simple Moving Average (SMA 200), one-hour Previous High and four-hour Previous High. There are no healthy support levels on the downside.
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