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Bitcoin / Dollar ST: our next up target stands at 76640

2024-07-16
261

Our pivot point is at 59560.

Our preference: our next up target stands at 76640.

Alternative scenario: the downside breakout of 59560 would call for 52960 and 49030.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59778 and 63976).

Supports and resistances:

84510 **

80570 *

76640 **

72700

64810 last

62160

59560 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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