Bitcoin / USD may rise to 80120 - 85490

Our pivot point stands at 62270.

Our preference

The upside prevails as long as 62270 is support.

Alternative scenario

The downside breakout of 62270 would call for 53250 and 47880.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66297 and 65005).

Supports and resistances

96230 **

90860 *

85490 **

80120

69362 last

65820

62270 **

53250 *

47880 **

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