Cryptocurrency

Bitcoin / USD may fall to 62910 - 63470

2024-08-01

65390 is our pivot point.

Our preference

The downside prevails as long as 65390 is resistance.

Alternative scenario

Above 65390, look for 66340 and 66900.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65570 and 65929).

Supports and resistances

66900 **

66340 *

65390 **

65010

64606 last

63470

62910 **

62340 *

61770 **

Number of asterisks represents the strength of support and resistance levels.

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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