Cryptocurrency

Bitcoin / USD may rise to 68300 - 68860

2024-10-24

Our pivot point stands at 66410.

Our preference

The upside prevails as long as 66410 is support.

Alternative scenario

Below 66410, expect 65470 and 64900.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66736 and 66588).

Supports and resistances

69990 **

69420 *

68860 **

68300

67168 last

66790

66410 **

65470 *

64900 **

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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