Bitcoin / USD may rise to 73770 - 79050

Our pivot point stands at 55700.

Our preference

The upside prevails as long as 55700 is support.

Alternative scenario

Below 55700, expect 46910 and 41670.

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 60670 and 62027).

Supports and resistances

89610 **

84330 *

79050 **

73770

62616 last

59150

55700 **

46910 *

41670 **

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