Cryptocurrency

Bitcoin / Euro may fall to 63190 - 63840

2024-06-06

Our pivot point is at 66000.

Our preference

The downside prevails as long as 66000 is resistance.

Alternative scenario

Above 66000, look for 67090 and 67730.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65315 and 65332).

Supports and resistances

67730 **

67090 *

66000 **

65580

65152 last

63840

63190 **

62550 *

61910 **

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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