Bitcoin / USD may rise to 69090 - 69700

Our pivot point stands at 66860.

Our preference

As long as 66860 is support look for 69700.

Alternative scenario

The downside breakout of 66860 would call for 65830 and 65220.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (67804) but above its 50 period moving average (67310).

Supports and resistances

70930 **

70320 *

69700 **

69090

67681 last

67260

66860 **

65830 *

65220 **

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