Cryptocurrency

Bitcoin / USD may fall to 61080 - 61830

2024-08-27

64540 is our pivot point.

Our preference

The downside prevails as long as 64540 is resistance.

Alternative scenario

Above 64540, look for 65810 and 66570.

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 is trading under both its 20 and 50 period moving average (respectively at 63656 and 63920).

Supports and resistances

66570 **

65810 *

64540 **

64030

63346 last

61830

61080 **

60320 *

59560 **

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

Introduction to Tradingtop Site


Return to All Articles