Bitcoin / USD may rise to 71550 - 76630

Our pivot point stands at 52910.

Our preference

Rebound.

Alternative scenario

The downside breakout of 52910 would call for 44660 and 39740.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (59318) but under its 50 period moving average (61405).

Supports and resistances

86790 **

81710 *

76630 **

71550

60900 last

56160

52910 **

44660 *

39740 **

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