Cryptocurrency

Bitcoin / USD may fall to 64670 - 65230

2024-10-23

Our pivot point stands at 67080.

Our preference

The downside prevails as long as 67080 is resistance.

Alternative scenario

The upside breakout of 67080, would call for 68010 and 68570.

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 66688 and 67040).

Supports and resistances

68570 **

68010 *

67080 **

66710

66341 last

65230

64670 **

64110 *

63560 **

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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