Bitcoin / USD may rise to 70000 - 73800

Pivot

56100

Our preference

Long positions above 56100 with targets at 70000 & 73800 in extension.

Alternative scenario

Below 56100 look for further downside with 49500 & 44500 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

77000

73800

70000

63962 Last

56100

49500

44500

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