Cryptocurrency

Bitcoin / Euro may rise to 66560 - 67210

2024-06-05

64320 is our pivot point.

Our preference

As long as 64320 is support look for 67210.

Alternative scenario

The downside breakout of 64320 would call for 63230 and 62590.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 65056 and 64424).

Supports and resistances

68500 **

67850 *

67210 **

66560

65270 last

64740

64320 **

63230 *

62590 **

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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