Bitcoin / USD may rise to 70120 - 70740

Our pivot point stands at 68050.

Our preference

As long as 68050 is support look for 70740.

Alternative scenario

Below 68050, expect 67000 and 66370.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (68907) but above its 50 period moving average (68605).

Supports and resistances

71990 **

71360 *

70740 **

70120

68868 last

68460

68050 **

67000 *

66370 **

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