Bitcoin / USD may rise to 70810 - 71540

Our pivot point is at 68360.

Our preference

Rebound.

Alternative scenario

The downside breakout of 68360 would call for 67140 and 66420.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (69281) but below its 50 period moving average (69348).

Supports and resistances

72990 **

72260 *

71540 **

70810

69335 last

68840

68360 **

67140 *

66420 **

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