Cryptocurrency

Bitcoin / USD may fall to 62470 - 63030

2024-07-25

65050 is our pivot point.

Our preference

The downside prevails as long as 65050 is resistance.

Alternative scenario

Above 65050, look for 66000 and 66560.

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 64981 and 65757).

Supports and resistances

66560 **

66000 *

65050 **

64680

64236 last

63030

62470 **

61900 *

61340 **

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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