Cryptocurrency

Bitcoin / USD may rise to 66210 - 66780

2024-07-18

63900 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 63900, expect 62950 and 62380.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (64422) but under its 50 period moving average (64943). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (64845).

Supports and resistances

67920 **

67350 *

66780 **

66210

64894 last

64280

63900 **

62950 *

62380 **

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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