Bitcoin / USD may rise to 60970 - 61690

Our pivot point stands at 58500.

Our preference

The upside prevails as long as 58500 is support.

Alternative scenario

Below 58500, expect 57290 and 56570.

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 trading above both its 20 and 50 period moving average (respectively at 59276 and 59322).

Supports and resistances

63120 **

62400 *

61690 **

60970

59513 last

58970

58500 **

57290 *

56570 **

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