Cryptocurrency

Bitcoin / Yen may fall to 9929400 - 10017100

2024-10-23

10313300 is our pivot point.

Our preference

Technical rebound towards 10313300 before a new drop.

Alternative scenario

Above 10313300, look for 10460700 and 10548400.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (10176551) but below its 50 period moving average (10206285).

Supports and resistances

10548400 **

10460700 *

10313300 **

10255400

10197548 last

10017100

9929400 **

9841700 *

9754100 **

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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