Bitcoin / USD may rise to 56640 - 57110

54770 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 54770 would call for 53980 and 53510.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (54716) but below its 50 period moving average (56410).

Supports and resistances

58050 **

57580 *

57110 **

56640

55686 last

55080

54770 **

53980 *

53510 **

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