Bitcoin / USD may rise to 65310 - 66070

Our pivot point is at 62560.

Our preference

The upside prevails as long as 62560 is support.

Alternative scenario

The downside breakout of 62560 would call for 61290 and 60530.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 61784 and 61162).

Supports and resistances

67600 **

66830 *

66070 **

65310

63764 last

63060

62560 **

61290 *

60530 **

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