Bitcoin / USD may rise to 62410 - 63140

Our pivot point is at 59950.

Our preference

As long as 59950 is support look for 63140.

Alternative scenario

The downside breakout of 59950 would call for 58730 and 58000.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (60919) but above its 50 period moving average (60045).

Supports and resistances

64600 **

63870 *

63140 **

62410

60912 last

60430

59950 **

58730 *

58000 **

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