Bitcoin / USD may rise to 69490 - 70110

Our pivot point is at 67200.

Our preference

The upside prevails as long as 67200 is support.

Alternative scenario

The downside breakout of 67200 would call for 66160 and 65550.

Comment

The RSI is above its neutrality area at 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 67629 and 67324).

Supports and resistances

71350 **

70730 *

70110 **

69490

68033 last

67610

67200 **

66160 *

65550 **

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