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Bitcoin Technical Analysis: BTC/USD daily confluence detector shows a lack of healthy support levels on the downside

FX Street

Published date: 22 Apr. 2020 | 00:27

BTC/USD went up from $6,838.84 to $6,900.45 this Tuesday.
Strong resistance lies at $6,975.

BTC/USD daily confluence detector

BTC/USD had a bullish Tuesday, wherein the price of the asset went up from $6,838.84 to $6,900.45. The daily confluence detector shows a lack of healthy support on the downside so that a price drop won’t be surprising. On the upside, strong resistance lies at $6,975, which has the one-day and one-week Fibonacci 38.2% retracement level, 15-min and one-hour Bollinger Band upper curves. 15-min Previous High and 4-hour SMA 10.

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