Cryptocurrency

Bitcoin / USD may fall to 65540 - 66150

2024-10-17

Our pivot point stands at 68260.

Our preference

The downside prevails as long as 68260 is resistance.

Alternative scenario

Above 68260, look for 69280 and 69890.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67538 and 67582).

Supports and resistances

69890 **

69280 *

68260 **

67850

67410 last

66150

65540 **

64930 *

64320 **

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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