Bitcoin / USD may rise to 82880 - 88580

63880 is our pivot point.

Our preference

The upside prevails as long as 63880 is support.

Alternative scenario

The downside breakout of 63880 would call for 54300 and 48610.

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 64090 and 64944). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (70756).

Supports and resistances

99990 **

94280 *

88580 **

82880

71450 last

67640

63880 **

54300 *

48610 **

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