Bitcoin / USD may rise to 62200 - 62740

60360 is our pivot point.

Our preference

As long as 60360 is support look for 62740.

Alternative scenario

The downside breakout of 60360 would call for 59460 and 58930.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61061 and 60889).

Supports and resistances

63810 **

63280 *

62740 **

62200

61133 last

60710

60360 **

59460 *

58930 **

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