Bitcoin / USD may rise to 58100 - 58590

Our pivot point is at 56390.

Our preference

Rebound towards 58590.

Alternative scenario

The downside breakout of 56390 would call for 55580 and 55100.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57134 and 57579).

Supports and resistances

59560 **

59070 *

58590 **

58100

57104 last

56710

56390 **

55580 *

55100 **

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