Cryptocurrency

Bitcoin / USD may fall to 63840 - 64410

2024-07-24

Our pivot point is at 66710.

Our preference

The downside prevails as long as 66710 is resistance.

Alternative scenario

Above 66710, look for 67680 and 68260.

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 66369 and 66929).

Supports and resistances

68260 **

67680 *

66710 **

66330

65575 last

64410

63840 **

63260 *

62690 **

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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