Cryptocurrency

Bitcoin / Euro may rise to 62790 - 63330

2024-10-16

Our pivot point is at 60880.

Our preference

As long as 60880 is support look for 63330.

Alternative scenario

Below 60880, expect 59980 and 59450.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 61570 and 61088).

Supports and resistances

64390 **

63860 *

63330 **

62790

61720 last

61230

60880 **

59980 *

59450 **

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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