BTC/USD lost a little over 0.50% of its price as it went down from $3,818 to $3,796 this Tuesday. Daily confluence detector shows that growth may be difficult as bulls face a colossal stack of resistance up front. BTC/USD lost a little over 0.50% of its price this Tuesday, going down from $3,818 to $3,796. This was a minor step back for the bulls who would have wanted to plod their way back to the $4,000 mark. Daily confluence detector shows that further growth may be difficult because of the sheer amount of resistance up ahead. Worryingly enough, there is very little support present, which may incentivize the bears to take over. BTC/USD daily confluence detector Resistance levels are present at: $3,800 – $3,850, $3,898 – $3,915, and $4,100. The confluences at those levels are: $3,800 – $3,850: Weekly 38.2% Fibonacci retracement level, hourly Bollinger band upper curve, daily 23.6% Fibonacci retracement level, SMA 100, SMA 10, 15-min previous high, SMA 5, SMA 100, hourly previous high, 4-hour previous high, 15-min Bollinger band upper curve, daily 38.2% Fibonacci retracement level, monthly 61.8% Fibonacci retracement level, daily 61.8% Fibonacci retracement level, 4-hour previous low, 15-min Bollinger band lower band, SMA 50, SMA 200, 15-min previous low, hourly previous low, SMA 10, 15-min Bollinger band middle curve, and hourly Bollinger band middle curve. $3,898 – $3,915: 200-day simple moving average (SMA 200) curve, monthly pivot point resistance 1, SMA 5, 4-hour Bollinger band middle curve, weekly 23.6% Fibonacci retracement level, SMA 100, SMA 50, and previously daily high. $4,100: Weekly pivot point resistance 1 and previous month high. Support levels are at $3,675 and $3,620 – $3,660. The confluences at those levels are: $3,675: Monthly pivot point support 1, daily Bollinger band middle curve, and daily pivot point support 2. $3,620 – $3,660: SMA 50, monthly 38.2% Fibonacci retracement level, and weekly pivot point support 3. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next NZD/JPY Technical Analysis: Above 76.4% fibo, Bulls will look to a break to R3 76.90 FX Street 4 years BTC/USD lost a little over 0.50% of its price as it went down from $3,818 to $3,796 this Tuesday. Daily confluence detector shows that growth may be difficult as bulls face a colossal stack of resistance up front. BTC/USD lost a little over 0.50% of its price this Tuesday, going down from $3,818 to $3,796. This was a minor step back for the bulls who would have wanted to plod their way back to the $4,000 mark. Daily confluence detector shows that further growth may be difficult because of the sheer amount of resistance up ahead. Worryingly enough, there is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
