Bitcoin / USD may rise to 69380 - 69950

Our pivot point stands at 67420.

Our preference

As long as 67420 is support look for 69950.

Alternative scenario

The downside breakout of 67420 would call for 66450 and 65880.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 67961 and 67485).

Supports and resistances

71090 **

70520 *

69950 **

69380

68220 last

67790

67420 **

66450 *

65880 **

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