Cryptocurrency

Bitcoin / USD may fall to 65050 - 65650

2024-10-18

Our pivot point is at 67730.

Our preference

The downside prevails as long as 67730 is resistance.

Alternative scenario

Above 67730, look for 68750 and 69350.

Comment

The RSI is below 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 67084 and 67336).

Supports and resistances

69350 **

68750 *

67730 **

67330

66907 last

65650

65050 **

64440 *

63840 **

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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