Bitcoin / USD may rise to 78860 - 83860

Our pivot point is at 62210.

Our preference

As long as 62210 is support look for 83860.

Alternative scenario

Below 62210, expect 53810 and 48820.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68230 and 65111).

Supports and resistances

93860 **

88860 *

83860 **

78860

68832 last

65500

62210 **

53810 *

48820 **

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