Cryptocurrency

Bitcoin / Euro may rise to 65700 - 66410

2024-05-22

63340 is our pivot point.

Our preference

Rebound towards 66410.

Alternative scenario

The downside breakout of 63340 would call for 62150 and 61440.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64336 and 64511).

Supports and resistances

67830 **

67120 *

66410 **

65700

64279 last

63810

63340 **

62150 *

61440 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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