Bitcoin / USD may rise to 60880 - 61570

Our pivot point is at 58530.

Our preference

As long as 58530 is support look for 61570.

Alternative scenario

Below 58530, expect 57370 and 56680.

Comment

The RSI is above 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 59379 and 59283).

Supports and resistances

62950 **

62260 *

61570 **

60880

59500 last

58980

58530 **

57370 *

56680 **

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