Bitcoin Price Forecast: BTC/USD bulls and bears wrestle for control near the $11,600 level– Confluence Detector

• BTC/USD lacks strong resistance on the upside.
• On the downside, we have three healthy support levels at $11,600, $11,465 and $10,870.

BTC/USD daily confluence detector

BTC/USD is trading around $11,605 as bulls and bears wrestle for control. The daily confluence detector shows a lack of strong resistance levels on the upside. On the downside, we have three healthy support levels at $11,600, $11,465 and $10,870.

$11,600 has the one-day Previous Low and one-day Pivot Point support-one, among others. The $11,465-level is highlighted by the one-day Pivot Point support-two, Previous Week high and Previous Month high. Finally, the $10,870 support level has the one-month Fibonacci 23.6% retracement level.

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