Bitcoin / USD may rise to 71490 - 72300

Our pivot point is at 68620.

Our preference

The upside prevails as long as 68620 is support.

Alternative scenario

The downside breakout of 68620 would call for 67270 and 66470.

Comment

The RSI is above 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 69357 and 68946).

Supports and resistances

73910 **

73100 *

72300 **

71490

69678 last

69150

68620 **

67270 *

66470 **

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