Cryptocurrency

Bitcoin / USD may rise to 61970 - 62510

2024-10-10

Our pivot point stands at 60150.

Our preference

Rebound towards 62510.

Alternative scenario

The downside breakout of 60150 would call for 59240 and 58690.

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 60931 and 61076).

Supports and resistances

63610 **

63060 *

62510 **

61970

60876 last

60510

60150 **

59240 *

58690 **

Number of asterisks represents the strength of support and resistance levels.

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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