Cryptocurrency

Bitcoin / USD may rise to 67580 - 68160

2024-07-31

Our pivot point stands at 65580.

Our preference

Our next up target stands at 68160.

Alternative scenario

Below 65580, expect 64600 and 64020.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66150 and 66265).

Supports and resistances

69330 **

68750 *

68160 **

67580

66417 last

65960

65580 **

64600 *

64020 **

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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