Bitcoin / USD may rise to 69400 - 70000

Our pivot point stands at 66870.

Our preference

The upside prevails as long as 66870 is support.

Alternative scenario

The downside breakout of 66870 would call for 65880 and 65280.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 67361 and 67609). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (68069).

Supports and resistances

71190 **

70600 *

70000 **

69400

68206 last

67260

66870 **

65880 *

65280 **

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