Cryptocurrency

Bitcoin / USD may rise to 66570 - 67150

2024-08-02

Our pivot point stands at 64530.

Our preference

The upside prevails as long as 64530 is support.

Alternative scenario

The downside breakout of 64530 would call for 63570 and 63000.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 63893 and 64171).

Supports and resistances

68290 **

67720 *

67150 **

66570

65350 last

64910

64530 **

63570 *

63000 **

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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