Bitcoin / USD may fall to 68360 - 69100

Our pivot point stands at 71910.

Our preference

The downside prevails as long as 71910 is resistance.

Alternative scenario

The upside breakout of 71910, would call for 73160 and 73900.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 71111 and 71078). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 70727).

Supports and resistances

73900 **

73160 *

71910 **

71420

70717 last

69100

68360 **

67630 *

66890 **

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