Bitcoin / USD may rise to 72790 - 73540

Our pivot point is at 69960.

Our preference

As long as 69960 is support look for 73540.

Alternative scenario

The downside breakout of 69960 would call for 68710 and 67970.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 71121 and 70937).

Supports and resistances

75040 **

74290 *

73540 **

72790

71300 last

70450

69960 **

68710 *

67970 **

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