Cryptocurrency

Bitcoin / USD may rise to 67240 - 67820

2024-07-31

Our pivot point stands at 65210.

Our preference

Rebound towards 67820.

Alternative scenario

The downside breakout of 65210 would call for 64240 and 63660.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 66113 and 66321).

Supports and resistances

68980 **

68400 *

67820 **

67240

65987 last

65590

65210 **

64240 *

63660 **

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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