Cryptocurrency

Bitcoin / USD may fall to 65060 - 65670

2024-10-22

Our pivot point stands at 67920.

Our preference

The downside prevails as long as 67920 is resistance.

Alternative scenario

Above 67920, look for 68950 and 69550.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67385 and 67599).

Supports and resistances

69550 **

68950 *

67920 **

67520

67117 last

65670

65060 **

64460 *

63850 **

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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