Cryptocurrency

Bitcoin / USD may fall to 61820 - 62380

2024-07-19

Our pivot point stands at 64320.

Our preference

The downside prevails as long as 64320 is resistance.

Alternative scenario

Above 64320, look for 65250 and 65810.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63923 and 64067).

Supports and resistances

65810 **

65250 *

64320 **

63950

63580 last

62380

61820 **

61260 *

60710 **

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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