BTC/USD bulls take control of the market and aim for the $5,400 level  – Confluence Detector

  • BTC/USD went up from $5,039 to $5,340.25 this Tuesday before the bears took control this Wednesday.
  • The daily confluence detector has three healthy support levels on the downside at $5,335, $5,315 and $5,285.

BTC/USD daily confluence detector


BTC/USD bulls have suddenly woken from their slumber as Wednesday comes to a close. The price has gone up from $5,340.25 to $5,363 and will look to overcome resistance at $5,435. This level has the one-day Fibonacci 23.6% retracement level and 15-min Bollinger Band upper curve. 

On the downside, there are three healthy support levels at $5,335, $5,315 and $5,285. $5,335 has the SMA 5 and one-day Fibonacci 38.2% retracement level, while $5,315 has the SMA 5 and SMA 10. Finally, $5,285 has the one-hour Bollinger Band middle curve, SMA 50 and SMA 200.

Source link

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...