Cryptocurrency

Bitcoin / USD may rise to 69320 - 70070

2024-06-01

Our pivot point stands at 66440.

Our preference

Rebound towards 70070.

Alternative scenario

The downside breakout of 66440 would call for 65170 and 64420.

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 67756 and 68132).

Supports and resistances

71590 **

70830 *

70070 **

69320

67754 last

66940

66440 **

65170 *

64420 **

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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