Cryptocurrency

Bitcoin / USD may fall to 64600 - 65260

2024-06-14

67540 is our pivot point.

Our preference

The downside prevails as long as 67540 is resistance.

Alternative scenario

The upside breakout of 67540, would call for 68660 and 69330.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67184 and 67567).

Supports and resistances

69330 **

68660 *

67540 **

67100

66650 last

65260

64600 **

63930 *

63260 **

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

Introduction to Tradingtop Site


Return to All Articles