Bitcoin / USD may rise to 67930 - 68590

Our pivot point stands at 65630.

Our preference

As long as 65630 is support look for 68590.

Alternative scenario

The downside breakout of 65630 would call for 64510 and 63840.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (66559) but above its 50 period moving average (66313).

Supports and resistances

69930 **

69260 *

68590 **

67930

66505 last

66070

65630 **

64510 *

63840 **

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