Cryptocurrency

Bitcoin / Yen may fall to 9875100 - 9959800

2024-06-21

Our pivot point is at 10282100.

Our preference

The downside prevails as long as 10282100 is resistance.

Alternative scenario

Above 10282100, look for 10424900 and 10510000.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10282253 and 10319905).

Supports and resistances

10510000 **

10424900 *

10282100 **

10226000

10137202 last

9959800

9875100 **

9790400 *

9705800 **

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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