Bitcoin / USD may rise to 60570 - 61260

Our pivot point stands at 58220.

Our preference

Rebound.

Alternative scenario

The downside breakout of 58220 would call for 57070 and 56380.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (59055) but under its 50 period moving average (59251).

Supports and resistances

62630 **

61950 *

61260 **

60570

59151 last

58670

58220 **

57070 *

56380 **

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