Bitcoin / USD may rise to 70650 - 71370

Our pivot point stands at 68200.

Our preference

Look for a drop towards 68200 before a bounce.

Alternative scenario

The downside breakout of 68200 would call for 66980 and 66250.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 69088 and 69023).

Supports and resistances

72820 **

72100 *

71370 **

70650

69197 last

68680

68200 **

66980 *

66250 **

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