Cryptocurrency

Bitcoin / USD may fall to 66100 - 66780

2024-06-13

Our pivot point stands at 69140.

Our preference

The downside prevails as long as 69140 is resistance.

Alternative scenario

The upside breakout of 69140, would call for 70280 and 70970.

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 68809 and 68154).

Supports and resistances

70970 **

70280 *

69140 **

68680

68142 last

66780

66100 **

65410 *

64730 **

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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