Bitcoin / USD may fall to 66960 - 67690

70340 is our pivot point.

Our preference

The downside prevails as long as 70340 is resistance.

Alternative scenario

Above 70340, look for 71560 and 72280.

Comment

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 70726 and 70847).

Supports and resistances

72280 **

71560 *

70340 **

69860

69250 last

67690

66960 **

66240 *

65510 **

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