Bitcoin / USD may rise to 58780 - 59300

Our pivot point is at 56990.

Our preference

Rebound towards 59300.

Alternative scenario

Below 56990, expect 56120 and 55600.

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 stands above its 20 period moving average (57621) but below its 50 period moving average (58092).

Supports and resistances

60340 **

59820 *

59300 **

58780

57676 last

57330

56990 **

56120 *

55600 **

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