Cryptocurrency

Bitcoin / Euro may rise to 62760 - 63290

2024-10-16

Our pivot point stands at 60810.

Our preference

As long as 60810 is support look for 63290.

Alternative scenario

Below 60810, expect 59920 and 59390.

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 61476 and 60975).

Supports and resistances

64360 **

63830 *

63290 **

62760

61591 last

61160

60810 **

59920 *

59390 **

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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