RATE Group | Bitcoin Price Prediction: BTC/USD bulls lack momentum to break past $9,000
75922
post-template-default,single,single-post,postid-75922,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Price Prediction: BTC/USD bulls lack momentum to break past $9,000

16 Jan Bitcoin Price Prediction: BTC/USD bulls lack momentum to break past $9,000

Posted at 08:22h in Cryptocurrency News by

[ad_1]

  • There is a lack of strong resistance levels on the upside.
  • On the downside, there are healthy support levels at $8,620 and $8,475.

BTC/USD daily confluence detector

fxsoriginal

The bears have taken control of BTC/USD as the market goes through a period of correction. The confluence detector shows us that there are still no strong resistance levels on the upside, holding the price down. On the downside, there are two healthy support levels at $8,620 and $8,475. $8,620 has one-hour Bollinger Band and one-month Fibonacci 161.8% retracement level, while $8,475 has the one-month Pivot Point resistance two and Previous Week high. What this essentially tells us is that if the bulls take control of the market, then they should be able to push the price above the $9,000-level.
 

[ad_2]

Source link

Tags:
, , , , , , , ,