Bitcoin / USD may rise to 60950 - 61640

Our pivot point stands at 58640.

Our preference

As long as 58640 is support look for 61640.

Alternative scenario

Below 58640, expect 57480 and 56790.

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 59489 and 59403).

Supports and resistances

63020 **

62330 *

61640 **

60950

59569 last

59090

58640 **

57480 *

56790 **

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