Bitcoin / USD may rise to 60930 - 61650

Our pivot point stands at 58570.

Our preference

The upside prevails as long as 58570 is support.

Alternative scenario

The downside breakout of 58570 would call for 57380 and 56670.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59448 and 59405).

Supports and resistances

63070 **

62360 *

61650 **

60930

59513 last

59040

58570 **

57380 *

56670 **

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