Bitcoin / USD may rise to 62520 - 63250

Our pivot point is at 60070.

Our preference

The upside prevails as long as 60070 is support.

Alternative scenario

The downside breakout of 60070 would call for 58850 and 58120.

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 above its 20 and 50 period moving average (respectively at 60826 and 60375).

Supports and resistances

64710 **

63980 *

63250 **

62520

61060 last

60550

60070 **

58850 *

58120 **

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