Cryptocurrency

Bitcoin / Euro may rise to 64730 - 65280

2024-10-21

62800 is our pivot point.

Our preference

As long as 62800 is support look for 65280.

Alternative scenario

The downside breakout of 62800 would call for 61870 and 61320.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 63450 and 63111).

Supports and resistances

66380 **

65830 *

65280 **

64730

63551 last

63160

62800 **

61870 *

61320 **

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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