Bitcoin / USD may rise to 69860 - 70620

67120 is our pivot point.

Our preference

The upside prevails as long as 67120 is support.

Alternative scenario

The downside breakout of 67120 would call for 65840 and 65080.

Comment

The RSI is above 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 67934 and 67747).

Supports and resistances

72150 **

71390 *

70620 **

69860

68213 last

67620

67120 **

65840 *

65080 **

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