Bitcoin / USD may rise to 60890 - 61420

Our pivot point is at 58960.

Our preference

The upside prevails as long as 58960 is support.

Alternative scenario

The downside breakout of 58960 would call for 58090 and 57560.

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 58847 and 59214).

Supports and resistances

62460 **

61940 *

61420 **

60890

59819 last

59310

58960 **

58090 *

57560 **

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