RATE Group | Bitcoin Price Prediction: BTC/USD bulls retreat after a brief flirtation with the $9,000…
76137
post-template-default,single,single-post,postid-76137,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 retreat after a brief flirtation with the $9,000…

18 Jan Bitcoin Price Prediction: BTC/USD bulls retreat after a brief flirtation with the $9,000…

Posted at 02:03h in Bitcoin News by

[ad_1]

  • BTC/USD bulls retreated after reaching an intra-day high of $9,005.45.
  • The daily confluence detector shows two strong resistance levels on the upside at $9,130 and $9,170.

BTC/USD daily confluence detector

fxsoriginal

BTC/USD buyers were in control of the market as the Friday session came to a close. The price of the leading cryptocurrency jumped from $8,712.60 to $8,914.40. The bulls actually managed to cross the $9,000 level and reached intra-day highs of $9,005.45, however, the bears immediately stepped back in to correct the price. The daily confluence detector shows us that there are two strong resistance levels at $9,130 and $9,170. This means that the bulls should be able to take the price back above $9,000 if they manage to rally together. $9,170 has the one-month Pivot Point resistance three, while $9,130 has the 200-day Simple Moving Average (SMA 200) and one-day Pivot Point resistance three.

On the downside, there are two support levels at $8,615 and…

[ad_2]

Source link

Tags:
, , , , , , ,