Cryptocurrency

Bitcoin / USD may rise to 72590 - 73340

2024-06-05

Our pivot point is at 70030.

Our preference

As long as 70030 is support look for 73340.

Alternative scenario

Below 70030, expect 68780 and 68030.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 70985 and 70698).

Supports and resistances

74830 **

74080 *

73340 **

72590

71011 last

70520

70030 **

68780 *

68030 **

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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