Cryptocurrency

Bitcoin / USD may rise to 65930 - 66490

2024-07-18

Our pivot point stands at 64000.

Our preference

The upside prevails as long as 64000 is support.

Alternative scenario

The downside breakout of 64000 would call for 63040 and 62480.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64629 and 64699).

Supports and resistances

67630 **

67060 *

66490 **

65930

64790 last

64370

64000 **

63040 *

62480 **

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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