Cryptocurrency

Bitcoin / USD may fall to 65400 - 66010

2024-10-17

Our pivot point stands at 68140.

Our preference

The downside prevails as long as 68140 is resistance.

Alternative scenario

The upside breakout of 68140, would call for 69160 and 69770.

Comment

The RSI is below its neutrality area at 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 67446 and 67597).

Supports and resistances

69770 **

69160 *

68140 **

67730

67327 last

66010

65400 **

64790 *

64180 **

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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