Cryptocurrency

Bitcoin / USD may fall to 64360 - 64940

2024-07-23

66940 is our pivot point.

Our preference

The downside prevails as long as 66940 is resistance.

Alternative scenario

Above 66940, look for 67920 and 68500.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 66631 and 67132).

Supports and resistances

68500 **

67920 *

66940 **

66560

66178 last

64940

64360 **

63780 *

63200 **

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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