hBitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has support at points 67700 and resistance at points 71200. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically slightly positive for the short term

Medium term

Bitcoin is in a rising trend channel in the medium long term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency is testing resistance at points 72000. This could give a negative reaction, but an upward breakthrough of points 72000 means a positive signal. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The currency is overall assessed as technically slightly positive for the medium long term.

Long term

Bitcoin shows strong development within a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The currency is testing resistance at points 70000. This could give a negative reaction, but an upward breakthrough of points 70000 means a positive signal. The currency is assessed as technically neutral for the long term.