Cryptocurrency

Bitcoin / Yen may rise to 10828800 - 10924200

2024-06-12

10443100 is our pivot point.

Our preference

Rebound towards 10924200.

Alternative scenario

The downside breakout of 10443100 would call for 10283700 and 10188900.

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 10645734 and 10832199).

Supports and resistances

11115200 **

11019700 *

10924200 **

10828800

10637805 last

10505700

10443100 **

10283700 *

10188900 **

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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