Cryptocurrency

Bitcoin / USD may rise to 65570 - 66140

2024-07-25

Our pivot point stands at 63500.

Our preference

Rebound towards 66140.

Alternative scenario

The downside breakout of 63500 would call for 62550 and 61990.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64364 and 65443).

Supports and resistances

67270 **

66700 *

66140 **

65570

64262 last

63870

63500 **

62550 *

61990 **

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

Introduction to Tradingtop Site


Return to All Articles