Cryptocurrency

Bitcoin / USD may rise to 63650 - 64400

2024-08-28

Our pivot point is at 61040.

Our preference

Rebound towards 64400.

Alternative scenario

Below 61040, expect 59790 and 59040.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62096 and 62650).

Supports and resistances

65900 **

65150 *

64400 **

63650

62094 last

61540

61040 **

59790 *

59040 **

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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