Cryptocurrency

Bitcoin / Euro may rise to 64770 - 65470

2024-05-25

62390 is our pivot point.

Our preference

As long as 62390 is support look for 65470.

Alternative scenario

Below 62390, expect 61210 and 60520.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (63381) but above its 50 period moving average (62910).

Supports and resistances

66870 **

66170 *

65470 **

64770

63310 last

62850

62390 **

61210 *

60520 **

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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