Cryptocurrency

Bitcoin / Euro may rise to 63590 - 64130

2024-10-17

61570 is our pivot point.

Our preference

As long as 61570 is support look for 64130.

Alternative scenario

The downside breakout of 61570 would call for 60670 and 60130.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (62312) but above its 50 period moving average (61807).

Supports and resistances

65210 **

64670 *

64130 **

63590

62291 last

61930

61570 **

60670 *

60130 **

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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