- BTC / USD bulls face an immediate resistance stack between $ 11,450 and $ 11,525.
- Following this, there is another strong resistance at $ 11,775.
Daily BTC / USD confluence detector
BTC / USD bulls took over the market on Wednesday as the price rose by $ 11,326.78 to $ 11,445.47. Buyers face an immediate resistance stack between $ 11,450 – $ 11,525. This stack is highlighted by the previous month’s high, the previous week’s low, and the 4-hour SMA 200.
Following this, there is another level of strong resistance to $ 11,775. This level has the daily pivot point of a resistance-one, a Fibonacci retracement level of 23.6% over a week and a midline of the Bollinger Band over a day.