Bitcoin / USD may rise to 68590 - 69200

Our pivot point stands at 66500.

Our preference

The upside prevails as long as 66500 is support.

Alternative scenario

Below 66500, expect 65470 and 64860.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66855 and 66190).

Supports and resistances

70420 **

69810 *

69200 **

68590

67301 last

66900

66500 **

65470 *

64860 **

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