Bitcoin / USD may rise to 69430 - 70020

Our pivot point stands at 67350.

Our preference

The upside prevails as long as 67350 is support.

Alternative scenario

The downside breakout of 67350 would call for 66350 and 65750.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67584 and 67241).

Supports and resistances

71220 **

70620 *

70020 **

69430

68230 last

67740

67350 **

66350 *

65750 **

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