RATE Group | Bitcoin Price Prediction: BTC/USD sits around $8,450, as strong resistance holds the pri…
76955
post-template-default,single,single-post,postid-76955,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 sits around $8,450, as strong resistance holds the pri…

25 Jan Bitcoin Price Prediction: BTC/USD sits around $8,450, as strong resistance holds the pri…

Posted at 01:34h in Bitcoin News by

[ad_1]

  • One healthy support level lies at $8,215.
  • There is a robust resistance stack between $8,615-$8,635.

BTC/USD daily confluence detector

fxsoriginal

BTC/USD had a bullish day following two straight bearish days. This Friday, the price of BTC/USD went up from $8,382.50 to $8,448.80. The daily confluence detector shows that a strong resistance level at $8,475 is holding the price down. The $8,475-level has the SMA 10, SMA 100, on-hour Previous Low and one-month Pivot Point resistance-two. Above this, there is a robust stack of resistances between $8,615-$8,635. This stack has the SMA 5, one-day Pivot Point resistance-one and the one-week Fibonacci 38.2% retracement level. On the downside, there is one healthy support level at $8,215, which has the one-day Pivot Point support-one and one-week Pivot Point support-one.
 

[ad_2]

Source link

Tags:
, , , , , , , , ,