Bitcoin Price Forecast: BTC/USD bulls eke out an advantage to form bullish Doji pattern – Confluence Detector

• BTC/USD bulls stayed in control of the market for the second straight day.
• BTC/USD has one strong resistance level at $12,300. 

BTC/USD daily confluence detector

BTC/USD bulls remained in control of the market for the second straight day. The price has gone up from $11,755.34 to $11,7757.44 to form a bullish Doji pattern. 

The daily confluence detector shows one strong resistance level at $12,300. This level has the one-month Pivot Point resistance-two, among others.

On the downside, we have three healthy support levels at $11,500, $10,900 and $10,700. The $11,500-level has the Previous Month high, Previous Week high and 4-hour Bollinger Band middle curve. The $10,900 level has the one-day Pivot Point support-two and one-month Fibonacci 23.6% retracement level. Finally, the $10,700 support level has the 4-hour SMA 100 and daily Pivot Point 1 support-three. #Bitcoin##FX#

Reprinted from Fxstreet, the copyright all reserved by the original author.