Cryptocurrency

Bitcoin / USD may fall to 65320 - 65930

2024-10-17

Our pivot point stands at 67950.

Our preference

The downside prevails as long as 67950 is resistance.

Alternative scenario

Above 67950, look for 68970 and 69580.

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 is trading under both its 20 and 50 period moving average (respectively at 67208 and 67512).

Supports and resistances

69580 **

68970 *

67950 **

67550

67144 last

65930

65320 **

64710 *

64100 **

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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