Cryptocurrency

Bitcoin / USD may rise to 60660 - 61370

2024-08-28

Our pivot point is at 58210.

Our preference

Rebound towards 61370.

Alternative scenario

Below 58210, expect 57010 and 56300.

Comment

The RSI is below 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 59504 and 61170).

Supports and resistances

62800 **

62090 *

61370 **

60660

59187 last

58680

58210 **

57010 *

56300 **

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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