Bitcoin / USD may rise to 69850 - 70620

Our pivot point is at 67300.

Our preference

The upside prevails as long as 67300 is support.

Alternative scenario

Below 67300, expect 66010 and 65250.

Comment

The RSI is above 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 67993 and 67889).

Supports and resistances

72140 **

71380 *

70620 **

69850

68325 last

67800

67300 **

66010 *

65250 **

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