Bitcoin / USD may rise to 68870 - 69550

Our pivot point is at 66600.

Our preference

The upside prevails as long as 66600 is support.

Alternative scenario

The downside breakout of 66600 would call for 65460 and 64790.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67326 and 67212).

Supports and resistances

70900 **

70230 *

69550 **

68870

67523 last

67040

66600 **

65460 *

64790 **

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