Bitcoin / USD may rise to 60860 - 61380

Our pivot point stands at 58700.

Our preference

The upside prevails as long as 58700 is support.

Alternative scenario

The downside breakout of 58700 would call for 57820 and 57300.

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 trading above both its 20 and 50 period moving average (respectively at 58607 and 57228).

Supports and resistances

62430 **

61910 *

61380 **

60860

59384 last

59040

58700 **

57820 *

57300 **

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