- BTC / USD bears took over the market in the early hours of Saturday.
- BTC / USD is currently sandwiched between strong resistance and support levels.
Daily BTC / USD confluence detector
BTC / USD bears took control of the market as the price consolidated above the $ 11,500 mark. The price is currently increased from From $ 11,535.80 to $ 11,521.36 and is sandwiched between strong resistance and support levels.
On the upside, we have a strong resistance stack between $ 11,530 to $ 11,700, which has the one-day Fibonacci retracement level of 23.6%, the one-week Fibonacci retracement level of 61.8% and the previous one-day high.
On the other hand, the 11,400 to 11,515 USD The support stack has the previous month’s high, the daily pivot point a support-one, a one-day Fibonacci retracement level at 61.8%, and a 38.2% Fibonacci retracement level on one week.