Cryptocurrency

Bitcoin / USD may rise to 64500 - 65250

2024-08-27

Our pivot point stands at 61970.

Our preference

Rebound towards 65250.

Alternative scenario

Below 61970, expect 60710 and 59960.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63111 and 63504).

Supports and resistances

66760 **

66010 *

65250 **

64500

62970 last

62470

61970 **

60710 *

59960 **

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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