Cryptocurrency

Bitcoin / USD may rise to 59930 - 60440

2024-08-12

Our pivot point stands at 57960.

Our preference

Rebound towards 60440.

Alternative scenario

Below 57960, expect 57100 and 56590.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (58598) but below its 50 period moving average (59543).

Supports and resistances

61480 **

60960 *

60440 **

59930

58641 last

58300

57960 **

57100 *

56590 **

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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