Bitcoin / USD may rise to 62350 - 63060

Our pivot point is at 59920.

Our preference

As long as 59920 is support look for 63060.

Alternative scenario

The downside breakout of 59920 would call for 58730 and 58030.

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 above its 20 and 50 period moving average (respectively at 60823 and 60269).

Supports and resistances

64470 **

63760 *

63060 **

62350

60905 last

60380

59920 **

58730 *

58030 **

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