Bitcoin (BTCUSD) Technical Analysis today at 63091 shows trading in an upward direction with signs of weakness. The digital currency price appears to be trading above most of the Moving Average indicator intersections with weakness in the direction, and as for the MACD indicator, it indicates weakness in the positive direction. Accordingly, in the case of selling, we will wait for the price to drop to 62764 to target the 61777 area with a stop loss at 63518.
Bitcoin (BTCUSD) Technical Analysis: On the other hand
On the other hand, in the case of buying, we will wait for the price to rise to the support area of 63518. The price may head to the 64402 area.
Bitcoin (BTCUSD) Technical Analysis: Resistance and support levels
- Second Resistance: 63280
- First Resistance: 63180
- Pivot Level: 63080
- First Support: 62980
- Second Support: 62880
