- The BTC/USD daily confluence detector shows a distinct lack of healthy support levels on the downside.
- On the upside, there is a strong resistance level at $5,735.
BTC/USD daily confluence detector
BTC/USD fell from $5,634.75 to $5,575 in the early hours of Saturday. This followed a bullish Friday wherein it went up from $4,843.45 to $5,634.75. The daily confluence detector shows us that there is a lack of healthy support levels on the downside, so a further drop could be expected. On the upside, there is a strong resistance level at $5,735, which has the one-month Pivot Point support-three.