Bitcoin / USD may rise to 70610 - 74510

Our pivot point is at 56930.

Our preference

As long as 56930 is support look for 74510.

Alternative scenario

The downside breakout of 56930 would call for 50450 and 46590.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (63180) but above its 50 period moving average (60735).

Supports and resistances

82320 **

78420 *

74510 **

70610

62558 last

59470

56930 **

50450 *

46590 **

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