Bitcoin / USD may rise to 79170 - 83990

63140 is our pivot point.

Our preference

As long as 63140 is support look for 83990.

Alternative scenario

The downside breakout of 63140 would call for 55040 and 50220.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68966 and 65943).

Supports and resistances

93630 **

88810 *

83990 **

79170

69505 last

66320

63140 **

55040 *

50220 **

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