Bitcoin / USD may rise to 70280 - 73960

Our pivot point stands at 57980.

Our preference

Rebound towards 73960.

Alternative scenario

The downside breakout of 57980 would call for 51780 and 48100.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63631 and 66440).

Supports and resistances

81340 **

77650 *

73960 **

70280

62843 last

60410

57980 **

51780 *

48100 **

Number of asterisks represents the strength of support and resistance levels.