Bitcoin / USD may rise to 60180 - 60860

Our pivot point stands at 57790.

Our preference

Rebound towards 60860.

Alternative scenario

The downside breakout of 57790 would call for 56650 and 55970.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59065 and 60132).

Supports and resistances

62230 **

61550 *

60860 **

60180

58774 last

58240

57790 **

56650 *

55970 **

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