Cryptocurrency

Bitcoin / USD may fall to 64020 - 64680

2024-06-17

Our pivot point is at 67040.

Our preference

The downside prevails as long as 67040 is resistance.

Alternative scenario

Above 67040, look for 68150 and 68810.

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 66335 and 66445).

Supports and resistances

68810 **

68150 *

67040 **

66600

66000 last

64680

64020 **

63360 *

62700 **

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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