Bitcoin / USD may rise to 71260 - 71990

Our pivot point is at 68700.

Our preference

The upside prevails as long as 68700 is support.

Alternative scenario

The downside breakout of 68700 would call for 67470 and 66740.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69530 and 69396).

Supports and resistances

73460 **

72730 *

71990 **

71260

69719 last

69180

68700 **

67470 *

66740 **

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