Cryptocurrency

Bitcoin / USD may rise to 66360 - 66960

2024-06-20

Our pivot point stands at 64340.

Our preference

The upside prevails as long as 64340 is support.

Alternative scenario

The downside breakout of 64340 would call for 63320 and 62720.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 65010 and 65111).

Supports and resistances

68170 **

67570 *

66960 **

66360

65151 last

64740

64340 **

63320 *

62720 **

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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