Bitcoin / USD may rise to 70090 - 70710

Our pivot point stands at 67790.

Our preference

The upside prevails as long as 67790 is support.

Alternative scenario

The downside breakout of 67790 would call for 66740 and 66120.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 68340 and 67893).

Supports and resistances

71960 **

71330 *

70710 **

70090

68610 last

68200

67790 **

66740 *

66120 **

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