Bitcoin / USD may rise to 63080 - 63660

61120 is our pivot point.

Our preference

The upside prevails as long as 61120 is support.

Alternative scenario

The downside breakout of 61120 would call for 60150 and 59570.

Comment

The RSI is above its neutrality area at 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 61579 and 61208). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 61909).

Supports and resistances

64820 **

64240 *

63660 **

63080

61922 last

61500

61120 **

60150 *

59570 **

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