RATE Group | Bitcoin Price Prediction: BTC/USD bulls come out on top, must overcome resistance at $7,…
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Bitcoin Price Prediction: BTC/USD bulls come out on top, must overcome resistance at $7,…

21 Dec Bitcoin Price Prediction: BTC/USD bulls come out on top, must overcome resistance at $7,…

Posted at 13:24h in Bitcoin News by

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  • On the downside, a healthy support level lies at $7,015.
  • Above $7,260, a second strong resistance level lies at $7,345.

BTC/USD daily confluence detector

BTC/USD daily chart

BTC/USD has so far gone up from $7,148.50 to $7,187.20. On the upside, there are two resistance levels at $7,260 and $7,345. $7,260 has the one-month Fibonacci 23.6% retracement level and one-day Bollinger Band middle curve, while $7,345 has the one-day Pivot Point resistance one. The $7,015 support level has the one-week Pivot Point support one, one-day Pivot Point support one and five-day Simple Moving Average (SMA 5) curve.
 

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