Bitcoin / USD may rise to 59940 - 60470

Our pivot point is at 58080.

Our preference

The upside prevails as long as 58080 is support.

Alternative scenario

Below 58080, expect 57190 and 56660.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 58271 and 57907).

Supports and resistances

61530 **

61000 *

60470 **

59940

58876 last

58430

58080 **

57190 *

56660 **

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