Bitcoin / USD may rise to 62160 - 62890

Our pivot point stands at 59750.

Our preference

As long as 59750 is support look for 62890.

Alternative scenario

The downside breakout of 59750 would call for 58530 and 57810.

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 under its 20 period moving average (60842) but above its 50 period moving average (59890).

Supports and resistances

64340 **

63610 *

62890 **

62160

60710 last

60230

59750 **

58530 *

57810 **

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