Bitcoin / USD may fall to 68720 - 69460

Our pivot point stands at 71950.

Our preference

The downside prevails as long as 71950 is resistance.

Alternative scenario

The upside breakout of 71950, would call for 73200 and 73940.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 71110 and 71095).

Supports and resistances

73940 **

73200 *

71950 **

71460

70967 last

69460

68720 **

67980 *

67230 **

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