Cryptocurrency

Bitcoin / USD may rise to 60780 - 61500

2024-08-29

Our pivot point is at 58260.

Our preference

Rebound towards 61500.

Alternative scenario

Below 58260, expect 57060 and 56350.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59388 and 59631).

Supports and resistances

62930 **

62210 *

61500 **

60780

59203 last

58730

58260 **

57060 *

56350 **

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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