Cryptocurrency

Bitcoin / USD may rise to 68630 - 69240

2024-10-18

Our pivot point stands at 66540.

Our preference

The upside prevails as long as 66540 is support.

Alternative scenario

Below 66540, expect 65520 and 64910.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67177 and 67248).

Supports and resistances

70460 **

69850 *

69240 **

68630

67349 last

66950

66540 **

65520 *

64910 **

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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