Bitcoin / USD may rise to 61900 - 62450

Our pivot point is at 60090.

Our preference

Rebound towards 62450.

Alternative scenario

The downside breakout of 60090 would call for 59170 and 58630.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (60732) but under its 50 period moving average (61541).

Supports and resistances

63540 **

62990 *

62450 **

61900

60810 last

60450

60090 **

59170 *

58630 **

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