Cryptocurrency

Bitcoin / USD may fall to 61510 - 62280

2024-08-26

Our pivot point stands at 64840.

Our preference

The downside prevails as long as 64840 is resistance.

Alternative scenario

Above 64840, look for 66120 and 66890.

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 64038 and 64085).

Supports and resistances

66890 **

66120 *

64840 **

64340

63801 last

62280

61510 **

60750 *

59990 **

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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