Cryptocurrency

Bitcoin / USD may rise to 63450 - 64010

2024-10-09

61580 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 61580 would call for 60640 and 60080.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (62232) but under its 50 period moving average (62362).

Supports and resistances

65130 **

64570 *

64010 **

63450

62315 last

61950

61580 **

60640 *

60080 **

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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