Bitcoin Price Forecast: BTC/USD lacks healthy support levels on the downside – Confluence DetectorBitcoin Price Forecast: BTC/USD lacks healthy support levels on the downside – Confluence Detector

• BTC/USD bulls face immediate resistance stack between $11,450-$11,525.
• Following that, there is another strong resistance at $11,775.

BTC/USD daily confluence detector

BTC/USD bulls took charge of the market this Wednesday as the price went up from $11,326.78 to $11,445.47. The buyers are facing an immediate resistance stack between $11,450-$11,525. This stack is highlighted by the Previous Month high, Previous Week low and 4-hour SMA 200.

Following that, there is another strong resistance level at $11,775. This level has the daily Pivot Point one resistance-one, one-week Fibonacci 23.6% retracement level and one-day Bollinger Band middle curve.