Bitcoin / USD may rise to 72580 - 73320

69940 is our pivot point.

Our preference

As long as 69940 is support look for 73320.

Alternative scenario

The downside breakout of 69940 would call for 68690 and 67940.

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 trading above both its 20 and 50 period moving average (respectively at 70828 and 70117).

Supports and resistances

74810 **

74070 *

73320 **

72580

71054 last

70430

69940 **

68690 *

67940 **

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