Bitcoin Price Forecast: BTC/USD lacks healthy support levels – Daily confluence detector
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BTC/USD dropped from $9,527.65 to $9,477.50 in the early hours of Wednesday as bears took control, following a bullish Tuesday. The daily confluence

  • BTC/USD bears took back control, following bullish Tuesday.
  • As per the daily confluence detector, there is a strong resistance level at $9,545
  • BTC/USD bears took back control, following bullish Tuesday.
  • BTC/USD bears took back control, following bullish Tuesday.
  • As per the daily confluence detector, there is a strong resistance level at $9,545
  • As per the daily confluence detector, there is a strong resistance level at $9,545

    BTC/USD daily confluence detector

    fxsoriginal

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    BTC/USD dropped from $9,527.65 to $9,477.50 in the early hours of Wednesday as bears took control, following a bullish Tuesday. The daily confluence detector shows that BTC/USD lacks healthy support levels, so further price drop is possible. There is strong resistance at $9,545.

    $9,527.65 to $9,477.50 resistance$9,545.

    This $9,545–level has the 15-min Bollinger Band middle curve, 15-min Bollinger and lower curve, one-hour Bollinger Band middle curve, 15-min Previous High, one-hour Previous High, 4-hour Previous High, one-day Fibonacci 23.6% retracement level. 15-min SMA 5, one-hour SMA 5, 4-hour SMA 5, 15-min SMA 10, 15-min SMA 50, 4-hour SMA 50, 15-min SMA 100 and one-hour SMA 200.
     

    Fibonacci

    From: FXSTREET