Bitcoin / USD may rise to 64210 - 64780

Our pivot point is at 62100.

Our preference

The upside prevails as long as 62100 is support.

Alternative scenario

Below 62100, expect 61160 and 60590.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 61967 and 61000).

Supports and resistances

65910 **

65340 *

64780 **

64210

63000 last

62480

62100 **

61160 *

60590 **

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