Bitcoin / USD may rise to 62450 - 63000

60620 is our pivot point.

Our preference

The upside prevails as long as 60620 is support.

Alternative scenario

Below 60620, expect 59700 and 59150.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 60867 and 60463).

Supports and resistances

64100 **

63550 *

63000 **

62450

61350 last

60990

60620 **

59700 *

59150 **

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