Bitcoin / USD may rise to 60190 - 60870

Our pivot point stands at 57920.

Our preference

Rebound.

Alternative scenario

The downside breakout of 57920 would call for 56780 and 56090.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (58414) but under its 50 period moving average (58841).

Supports and resistances

62230 **

61550 *

60870 **

60190

58822 last

58370

57920 **

56780 *

56090 **

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