Cryptocurrency

Bitcoin / USD may fall to 65720 - 66330

2024-10-17

Our pivot point stands at 68390.

Our preference

The downside prevails as long as 68390 is resistance.

Alternative scenario

Above 68390, look for 69420 and 70030.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67659 and 67561).

Supports and resistances

70030 **

69420 *

68390 **

67980

67560 last

66330

65720 **

65100 *

64490 **

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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