Bitcoin / USD may rise to 57520 - 58000

Our pivot point stands at 55830.

Our preference

As long as 55830 is support look for 58000.

Alternative scenario

Below 55830, expect 55030 and 54550.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 56449 and 55915).

Supports and resistances

58950 **

58470 *

58000 **

57520

56462 last

56150

55830 **

55030 *

54550 **

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