Bitcoin / USD may rise to 60380 - 61060

Our pivot point stands at 57990.

Our preference

The upside prevails as long as 57990 is support.

Alternative scenario

The downside breakout of 57990 would call for 56850 and 56160.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 58594 and 58744).

Supports and resistances

62430 **

61740 *

61060 **

60380

58971 last

58440

57990 **

56850 *

56160 **

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