Bitcoin/USD : Eyeing a Move to $62,790 – $63,500

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Bitcoin may rise towards $62,790 and $63,500, with the pivot point at $60,330 acting as a crucial support level. If Bitcoin stays above this pivot, expect further bullish momentum.

Primary Strategy :

- Entry point : $60,330

- Targets : $62,790 (resistance), $63,500 (stronger bullish target)

Alternative Scenario :

If Bitcoin drops below $60,330 , consider short positions.

- Targets : $59,150 (first support), $58,440 (critical support)

Technical Indicators :

- RSI above 50 supports bullish momentum but a fall toward 50 may signal weakening.

- MACD is positive, suggesting strong upward momentum.

- Bitcoin is trading above its 20-period and 50-period moving averages, confirming the uptrend.

Conclusion :

As long as Bitcoin holds above $60,330 , it is likely to see further gains, with resistance at $62,790 and $63,500 . However, a drop below this level could lead to a downward correction.

Advice for Investors :

Monitor the $60,330 pivot. Hold long positions while above this level and be cautious of a break below it for potential short opportunities.