Cryptocurrency

Bitcoin / USD may rise to 69120 - 69720

2024-07-22

67150 is our pivot point.

Our preference

As long as 67150 is support look for 69720.

Alternative scenario

The downside breakout of 67150 would call for 66150 and 65550.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (67995) but above its 50 period moving average (67393).

Supports and resistances

70910 **

70320 *

69720 **

69120

67934 last

67540

67150 **

66150 *

65550 **

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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