Cryptocurrency

Bitcoin / Yen may fall to 10343900 - 10452800

2024-06-03

Our pivot point is at 10814400.

Our preference

The downside prevails as long as 10814400 is resistance.

Alternative scenario

Above 10814400, look for 10997400 and 11106300.

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 stands below its 20 and 50 period moving average (respectively at 10688155 and 10675731).

Supports and resistances

11106300 **

10997400 *

10814400 **

10742500

10670652 last

10452800

10343900 **

10235000 *

10126100 **

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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