Cryptocurrency

Bitcoin / USD may fall to 65880 - 66650

2024-05-31

Our pivot point stands at 69220.

Our preference

The downside prevails as long as 69220 is resistance.

Alternative scenario

Above 69220, look for 70500 and 71270.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68393 and 68363).

Supports and resistances

71270 **

70500 *

69220 **

68720

68217 last

66650

65880 **

65120 *

64360 **

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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