Bitcoin / USD may rise to 61790 - 62340

Our pivot point is at 59920.

Our preference

The upside prevails as long as 59920 is support.

Alternative scenario

Below 59920, expect 59010 and 58470.

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 trading above both its 20 and 50 period moving average (respectively at 60512 and 60436).

Supports and resistances

63430 **

62880 *

62340 **

61790

60642 last

60280

59920 **

59010 *

58470 **

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