Cryptocurrency

Bitcoin / USD may rise to 59190 - 59860

2024-08-16

Our pivot point is at 56920.

Our preference

Rebound towards 59860.

Alternative scenario

The downside breakout of 56920 would call for 55800 and 55130.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (57517) but below its 50 period moving average (58243).

Supports and resistances

61210 **

60540 *

59860 **

59190

57853 last

57370

56920 **

55800 *

55130 **

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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