Bitcoin Price Analysis: BTC/USD continues to consolidate below the $10,000 level – Confluence Detector

• BTC/USD bears took control following four straight bullish days.
• The price faces strong resistance at $10,165.

BTC/USD daily confluence detector

BTC/USD fell from $9,783.65 to $9,756.30, as the bears took control following four straight bullish days. The daily confluence detector shows a strong resistance level on the upside at $10,165. It has the one-day Bollinger Band upper curve, one-day Pivot Point resistance-one and one-week Pivot Point resistance-two. On the downside, there is healthy support at $9,540 and has the one-day Previous Low and Previous Month high.

Read more at: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analysis-btc-usd-continues-to-consolidate-below-the-10-000-level-confluence-detector-202005200155