Cryptocurrency

Bitcoin / Euro may rise to 64710 - 65330

2024-06-04

Our pivot point is at 62570.

Our preference

Rebound.

Alternative scenario

Below 62570, expect 61520 and 60890.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (63369) but below its 50 period moving average (63478).

Supports and resistances

66590 **

65960 *

65330 **

64710

63429 last

62990

62570 **

61520 *

60890 **

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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