Cryptocurrency

Bitcoin / Yen may rise to 9785000 - 9866900

2024-08-02

Our pivot point stands at 9465100.

Our preference

Rebound towards 9866900.

Alternative scenario

Below 9465100, expect 9328300 and 9246800.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9630938 and 9746024).

Supports and resistances

10030600 **

9948700 *

9866900 **

9785000

9617676 last

9518800

9465100 **

9328300 *

9246800 **

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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