Bitcoin / USD may rise to 59070 - 59600

Our pivot point stands at 57310.

Our preference

The upside prevails as long as 57310 is support.

Alternative scenario

Below 57310, expect 56440 and 55920.

Comment

The RSI is above 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 57742 and 57428).

Supports and resistances

60640 **

60120 *

59600 **

59070

58008 last

57660

57310 **

56440 *

55920 **

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