Bitcoin / USD may rise to 62260 - 62970

Our pivot point is at 59860.

Our preference

As long as 59860 is support look for 62970.

Alternative scenario

The downside breakout of 59860 would call for 58670 and 57970.

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 below its 20 period moving average (60796) but above its 50 period moving average (60136).

Supports and resistances

64380 **

63670 *

62970 **

62260

60796 last

60320

59860 **

58670 *

57970 **

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