Bitcoin / USD may rise to 70350 - 70980

Our pivot point is at 68200.

Our preference

As long as 68200 is support look for 70980.

Alternative scenario

The downside breakout of 68200 would call for 67150 and 66520.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 69017 and 68687).

Supports and resistances

72230 **

71610 *

70980 **

70350

69076 last

68610

68200 **

67150 *

66520 **

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