Bitcoin / USD may rise to 72700 - 76640

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 **

52960 *

49030 **

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