Cryptocurrency

Bitcoin / USD may fall to 62290 - 62880

2024-06-24

Our pivot point stands at 64860.

Our preference

The downside prevails as long as 64860 is resistance.

Alternative scenario

Above 64860, look for 65860 and 66450.

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 64155 and 64270).

Supports and resistances

66450 **

65860 *

64860 **

64470

64070 last

62880

62290 **

61690 *

61100 **

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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