Cryptocurrency

Bitcoin / USD may rise to 65670 - 66230

2024-08-02

Our pivot point is at 63730.

Our preference

As long as 63730 is support look for 66230.

Alternative scenario

The downside breakout of 63730 would call for 62780 and 62220.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 64450 and 64187).

Supports and resistances

67360 **

66800 *

66230 **

65670

64480 last

64110

63730 **

62780 *

62220 **

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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