Bitcoin / USD may rise to 62690 - 63430

Our pivot point is at 60220.

Our preference

The upside prevails as long as 60220 is support.

Alternative scenario

The downside breakout of 60220 would call for 58990 and 58260.

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 60647 and 59898).

Supports and resistances

64890 **

64160 *

63430 **

62690

61218 last

60700

60220 **

58990 *

58260 **

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