Bitcoin / USD may rise to 71150 - 71880

Our pivot point stands at 68300.

Our preference

The upside prevails as long as 68300 is support.

Alternative scenario

The downside breakout of 68300 would call for 67080 and 66360.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 68988 and 69100). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69470).

Supports and resistances

73340 **

72610 *

71880 **

71150

69680 last

68780

68300 **

67080 *

66360 **

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