Bitcoin / USD may rise to 69420 - 70040

Our pivot point stands at 67370.

Our preference

Rebound towards 70040.

Alternative scenario

The downside breakout of 67370 would call for 66330 and 65720.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (68179) but below its 50 period moving average (68319).

Supports and resistances

71270 **

70660 *

70040 **

69420

68187 last

67780

67370 **

66330 *

65720 **

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