RATE Group | Bitcoin price prediction: BTC/USD faces stacks of resistance upfront
55363
wp-singular,post-template-default,single,single-post,postid-55363,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 faces stacks of resistance upfront

23 Jul Bitcoin price prediction: BTC/USD faces stacks of resistance upfront

Posted at 02:33h in Bitcoin News by

[ad_1]

  • BTC/USD went down from $10,620 to $10,285 this Monday.
  • BTC/USD lacks healthy support levels until $10,085.

BTC/USD has had a bearish Monday wherein its price fell from $10,620 to $10,285. This was its second bearish day in a row, following Sunday where its price fell from $10,780 to $10,560. The daily confluence detector shows a stack of resistance levels upfront, include four healthy levels at $10,345, $10,400, $10,450 and $10,575. On the downside, there are three healthy support levels at $10,085, $10,025 and $9,900.

BTC/USD daily confluence detector

fxsoriginal

The $10,345-level has the 1-day previous low and 1-day pivot point support, while the $10,400-level has no confluences detected. The $10,450-level has the 5-day simple moving average (SMA 5) and daily 23.6% Fibonacci retracement level. Finally, the $10,575-level has the weekly 61.8% Fibonacci retracement level.

The price has no healthy support levels till $10,085, which sees the confluence of 1-day pivot…

[ad_2]

Source link

Tags:
, , , , , , ,