Bitcoin / USD may rise to 61660 - 62190

59550 is our pivot point.

Our preference

Rebound towards 62190.

Alternative scenario

The downside breakout of 59550 would call for 58670 and 58140.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60670 and 61009). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (60396).

Supports and resistances

63260 **

62720 *

62190 **

61660

60307 last

59900

59550 **

58670 *

58140 **

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