Bitcoin / USD may rise to 61980 - 62680

Our pivot point stands at 59640.

Our preference

As long as 59640 is support look for 62680.

Alternative scenario

Below 59640, expect 58460 and 57760.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (60788) but above its 50 period moving average (59844).

Supports and resistances

64090 **

63390 *

62680 **

61980

60565 last

60100

59640 **

58460 *

57760 **

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