Bitcoin / USD may rise to 62250 - 62980

Our pivot point stands at 59820.

Our preference

The upside prevails as long as 59820 is support.

Alternative scenario

The downside breakout of 59820 would call for 58600 and 57870.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 60502 and 60691).

Supports and resistances

64430 **

63700 *

62980 **

62250

60790 last

60290

59820 **

58600 *

57870 **

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