Cryptocurrency

Bitcoin / USD may fall to 66630 - 67250

2024-10-21

Our pivot point stands at 69360.

Our preference

The downside prevails as long as 69360 is resistance.

Alternative scenario

Above 69360, look for 70410 and 71030.

Comment

The RSI is below 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 68920 and 68694).

Supports and resistances

71030 **

70410 *

69360 **

68950

68506 last

67250

66630 **

66010 *

65390 **

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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