RATE Group | BTC/USD bulls can gather enough momentum to re-enter $10,500-zone
59267
post-template-default,single,single-post,postid-59267,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
 

BTC/USD bulls can gather enough momentum to re-enter $10,500-zone

24 Aug BTC/USD bulls can gather enough momentum to re-enter $10,500-zone

Posted at 11:01h in Bitcoin News by

[ad_1]

  • BTC/USD went up from $10,110 to $10,405 over this Friday.
  • BTC/USD has three healthy support levels on the downside.

Bitcoin managed to have a bearish start to Saturday, following a bullish Friday. This Friday, the price of BTC/USD went up from $10,110 to $10,405 and has now gone down to $10,398. The daily confluence detector shows that there aren’t any healthy resistance levels on the path back to the $10,500-zone. On the downside, BTC/USD has three healthy support levels holding the price up.

BTC/USD daily confluence detector

fxsoriginal

The daily confluence detector shows healthy resistance levels at $10,675-$10,700 and $10,800. The stack from $10,675-$10,700 has the 1-week Fibonacci 23.6% retracement level, 4-hour Bollinger band upper curve and 1-month Fibonacci 38.2% retracement level. The $10,800 resistance level has the 100-day simple moving average (SMA 100) curve.

On the downside, there are three healthy support levels at $10,340, $10,225 and $10,075. The…

[ad_2]

Source link

Tags:
, , , , ,