Bitcoin / USD may rise to 62870 - 63450

Our pivot point stands at 60720.

Our preference

Rebound.

Alternative scenario

Below 60720, expect 59750 and 59170.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (61517) but below its 50 period moving average (61705).

Supports and resistances

64600 **

64020 *

63450 **

62870

61627 last

61100

60720 **

59750 *

59170 **

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