Cryptocurrency

Bitcoin / USD may fall to 64130 - 64700

2024-07-31

Our pivot point stands at 66660.

Our preference

The downside prevails as long as 66660 is resistance.

Alternative scenario

Above 66660, look for 67630 and 68210.

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 66163 and 66535).

Supports and resistances

68210 **

67630 *

66660 **

66280

65890 last

64700

64130 **

63550 *

62970 **

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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