Bitcoin / USD may rise to 69130 - 69700

Our pivot point is at 67230.

Our preference

As long as 67230 is support look for 69700.

Alternative scenario

The downside breakout of 67230 would call for 66270 and 65700.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (68090) but above its 50 period moving average (67622).

Supports and resistances

70840 **

70270 *

69700 **

69130

67978 last

67600

67230 **

66270 *

65700 **

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