Bitcoin / USD may rise to 68900 - 69570

Our pivot point is at 66280.

Our preference

Rebound.

Alternative scenario

Below 66280, expect 65150 and 64480.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (66864) but under its 50 period moving average (67889). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 67515).

Supports and resistances

70930 **

70250 *

69570 **

68900

67546 last

66730

66280 **

65150 *

64480 **

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