Cryptocurrency

Bitcoin / USD may fall to 65450 - 66210

2024-05-29

Our pivot point stands at 68810.

Our preference

The downside prevails as long as 68810 is resistance.

Alternative scenario

The upside breakout of 68810, would call for 70080 and 70840.

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 68073 and 68160).

Supports and resistances

70840 **

70080 *

68810 **

68310

67765 last

66210

65450 **

64690 *

63940 **

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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