Bitcoin / USD may rise to 61920 - 62470

Our pivot point is at 59970.

Our preference

The upside prevails as long as 59970 is support.

Alternative scenario

The downside breakout of 59970 would call for 59050 and 58510.

Comment

The RSI is above 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 60384 and 60461).

Supports and resistances

63560 **

63020 *

62470 **

61920

60832 last

60320

59970 **

59050 *

58510 **

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