Bitcoin / USD may rise to 72770 - 73520

Our pivot point is at 70200.

Our preference

The upside prevails as long as 70200 is support.

Alternative scenario

The downside breakout of 70200 would call for 68950 and 68200.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 70922 and 70984).

Supports and resistances

75010 **

74260 *

73520 **

72770

71255 last

70690

70200 **

68950 *

68200 **

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