Cryptocurrency

Bitcoin / USD may rise to 62600 - 63330

2024-08-23

Our pivot point stands at 60170.

Our preference

As long as 60170 is support look for 63330.

Alternative scenario

Below 60170, expect 58940 and 58210.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 60989 and 60724).

Supports and resistances

64790 **

64060 *

63330 **

62600

61135 last

60650

60170 **

58940 *

58210 **

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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