Bitcoin / USD may rise to 74560 - 78710

Our pivot point is at 59790.

Our preference

The upside prevails as long as 59790 is support.

Alternative scenario

The downside breakout of 59790 would call for 52920 and 48830.

Comment

The RSI is above 50. 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 63013 and 60826).

Supports and resistances

87020 **

82870 *

78710 **

74560

65588 last

62490

59790 **

52920 *

48830 **

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