Bitcoin / USD may rise to 70350 - 71120

67800 is our pivot point.

Our preference

The upside prevails as long as 67800 is support.

Alternative scenario

The downside breakout of 67800 would call for 66510 and 65740.

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 trading above both its 20 and 50 period moving average (respectively at 68472 and 68183).

Supports and resistances

72660 **

71890 *

71120 **

70350

68814 last

68310

67800 **

66510 *

65740 **

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