Cryptocurrency

Bitcoin / USD may rise to 70820 - 71550

2024-06-08

Our pivot point stands at 68380.

Our preference

Rebound towards 71550.

Alternative scenario

Below 68380, expect 67160 and 66440.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69359 and 70184).

Supports and resistances

73000 **

72280 *

71550 **

70820

69355 last

68860

68380 **

67160 *

66440 **

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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