RATE Group | Bitcoin price prediction: BTC/USD bulls thwarted by $7,250 resistance level
71969
wp-singular,post-template-default,single,single-post,postid-71969,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,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 thwarted by $7,250 resistance level

14 Dec Bitcoin price prediction: BTC/USD bulls thwarted by $7,250 resistance level

Posted at 03:02h in Bitcoin News by

[ad_1]

  • There are no support levels on the downside that’s holding the price up.
  • BTC/USD went from $7,188.20 to $7,253.60 this Friday.

BTC/USD had a bearish start to Saturday following a bullish Friday. This Friday, the buyers took control of the market and brought the price up from $7,188.20 to $7,253.60. So far this Saturday, BTC/USD had fallen to $7,244.10. The daily confluence detector shows us that there is a healthy resistance level at $7,250 that keeping the price down. On the downside, there are no support levels that are holding BTC/USD up. As a result, a further decrease in price could be expected today, unless the bulls storm back in control.

BTC/USD daily confluence detector

fxsoriginal

$7,250 level has the five-day Simple Moving Average (SMA 5), SMA 10, SMA 50, one-hour Previous High, one-month Fibonacci 23.6% retracement level, 15-min Previous High, one-hour Previous High and 15-min Bollinger Band middle curve.
 

[ad_2]

Source link

Tags:
, , , , , , , ,