Bitcoin / USD may rise to 62350 - 63060

Our pivot point stands at 59700.

Our preference

The upside prevails as long as 59700 is support.

Alternative scenario

The downside breakout of 59700 would call for 58520 and 57820.

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 59828 and 59471).

Supports and resistances

64470 **

63760 *

63060 **

62350

60909 last

60170

59700 **

58520 *

57820 **

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