Cryptocurrency

Bitcoin / USD may fall to 65480 - 66240

2024-05-29

Our pivot point stands at 68850.

Our preference

The downside prevails as long as 68850 is resistance.

Alternative scenario

Above 68850, look for 70120 and 70880.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68423 and 68253).

Supports and resistances

70880 **

70120 *

68850 **

68350

67815 last

66240

65480 **

64720 *

63970 **

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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