Bitcoin price prediction: BTC/USD hunting for a breakout – Confluence Detector

Bitcoin price prediction: BTC/USD hunting for a breakout – Confluence Detector

Bitcoin stuck under a resistance between $8,328 and $8,415 after the shallow recovery lost steam around $8,300. The initial support at $8,242 remains vulnerable to losses. Bitcoin upward movement continues to be limited under the 23.6% Fib retracement level we discussed earlier today. A shallow recovery from the recent deep is unable to sustain gains above $8,300.