Cryptocurrency

Bitcoin / USD may fall to 53670 - 57940

2024-06-18

Our pivot point stands at 72200.

Our preference

Eye 53670.

Alternative scenario

Above 72200, look for 79380 and 83650.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (68226) but above its 50 period moving average (66251).

Supports and resistances

83650 **

79380 *

72200 **

69380

66557 last

57940

53670 **

49400 *

45130 **

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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