Bitcoin Price Prediction: BTC/USD tries to make most of miserable day by staying above $11,400 – Confluence Detector

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BTC/USD daily confluence detector

Bitcoin Price Prediction: BTC/USD tries to make most of miserable day by staying above $11,400 – Confluence Detector

BTC/USD had a devastatingly bearish Wednesday wherein it fell from $11,923.78 to $11,415. As of now, the bulls will simply look to above the $11,400 range. On the downside, they have heathy support at $11,300. This level has the daily Pivot Point one support-two, one-week Fibonacci 23.6% and one-month Fibonacci 61.8% retracement levels. 

On the upside, we have strong resistance at $11,600. This level is highlighted by the one-day Previous Low.

 

Reprinted from fxtsreet , the copyrights all reserved by the original author.

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