Cryptocurrency

Bitcoin / USD may rise to 68350 - 68960

2024-10-16

Our pivot point is at 66200.

Our preference

As long as 66200 is support look for 68960.

Alternative scenario

Below 66200, expect 65180 and 64570.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66995 and 66468).

Supports and resistances

70180 **

69570 *

68960 **

68350

67115 last

66600

66200 **

65180 *

64570 **

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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