Bitcoin / USD may rise to 62520 - 63230

Our pivot point stands at 60170.

Our preference

As long as 60170 is support look for 63230.

Alternative scenario

The downside breakout of 60170 would call for 58980 and 58270.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61032 and 60681).

Supports and resistances

64640 **

63930 *

63230 **

62520

61101 last

60630

60170 **

58980 *

58270 **

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