Cryptocurrency

Bitcoin / USD may rise to 70400 - 71190

2024-05-27

67630 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 67630, expect 66300 and 65510.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (68562) but under its 50 period moving average (68709).

Supports and resistances

72780 **

71980 *

71190 **

70400

68684 last

68150

67630 **

66300 *

65510 **

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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