Bitcoin / USD may rise to 58560 - 59080

Our pivot point stands at 56810.

Our preference

The upside prevails as long as 56810 is support.

Alternative scenario

Below 56810, expect 55940 and 55420.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 56985 and 56722).

Supports and resistances

60110 **

59590 *

59080 **

58560

57489 last

57150

56810 **

55940 *

55420 **

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