Bitcoin / USD may rise to 72660 - 73410

Our pivot point is at 70170.

Our preference

The upside prevails as long as 70170 is support.

Alternative scenario

The downside breakout of 70170 would call for 68920 and 68170.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70795 and 70958). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (71143).

Supports and resistances

74900 **

74160 *

73410 **

72660

71173 last

70660

70170 **

68920 *

68170 **

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