Bitcoin / USD may fall to 67190 - 67920

Our pivot point is at 70510.

Our preference

The downside prevails as long as 70510 is resistance.

Alternative scenario

The upside breakout of 70510, would call for 71740 and 72470.

Comment

The RSI is below its neutrality area at 50. 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 69613 and 69536). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 69435).

Supports and resistances

72470 **

71740 *

70510 **

70030

69397 last

67920

67190 **

66460 *

65740 **

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