Bitcoin / USD may rise to 67160 - 67750

Our pivot point is at 65040.

Our preference

As long as 65040 is support look for 67750.

Alternative scenario

The downside breakout of 65040 would call for 64040 and 63450.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 65376 and 64175).

Supports and resistances

68940 **

68340 *

67750 **

67160

65970 last

65420

65040 **

64040 *

63450 **

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