Cryptocurrency

Bitcoin / USD may rise to 63550 - 64110

2024-10-08

Our pivot point stands at 61690.

Our preference

Rebound towards 64110.

Alternative scenario

Below 61690, expect 60750 and 60190.

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 is trading under both its 20 and 50 period moving average (respectively at 62463 and 62860).

Supports and resistances

65230 **

64670 *

64110 **

63550

62428 last

62060

61690 **

60750 *

60190 **

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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