Bitcoin / USD may rise to 72610 - 73350

Our pivot point is at 70050.

Our preference

The upside prevails as long as 70050 is support.

Alternative scenario

The downside breakout of 70050 would call for 68800 and 68050.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 70996 and 70997).

Supports and resistances

74840 **

74100 *

73350 **

72610

71050 last

70540

70050 **

68800 *

68050 **

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