Cryptocurrency

Bitcoin / USD may fall to 68850 - 69600

2024-06-06

Our pivot point stands at 72120.

Our preference

Technical rebound towards 72120 before a new drop.

Alternative scenario

The upside breakout of 72120, would call for 73370 and 74110.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (71010) but below its 50 period moving average (71109).

Supports and resistances

74110 **

73370 *

72120 **

71620

71100 last

69600

68850 **

68110 *

67360 **

Number of asterisks represents the strength of support and resistance levels.

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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