Bitcoin / USD may rise to 71200 - 71930

Our pivot point stands at 68700.

Our preference

The upside prevails as long as 68700 is support.

Alternative scenario

Below 68700, expect 67480 and 66750.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69638 and 69605).

Supports and resistances

73390 **

72660 *

71930 **

71200

69668 last

69190

68700 **

67480 *

66750 **

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