Bitcoin / USD may rise to 72800 - 73550

Our pivot point is at 70240.

Our preference

As long as 70240 is support look for 73550.

Alternative scenario

The downside breakout of 70240 would call for 68980 and 68240.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (71270) but above its 50 period moving average (71060).

Supports and resistances

75050 **

74300 *

73550 **

72800

71261 last

70730

70240 **

68980 *

68240 **

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