Bitcoin / USD may fall to 56330 - 56850

Our pivot point stands at 58730.

Our preference

Technical rebound towards 58730 before a new drop.

Alternative scenario

The upside breakout of 58730, would call for 59610 and 60130.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (57699) but below its 50 period moving average (57989).

Supports and resistances

60130 **

59610 *

58730 **

58390

57939 last

56850

56330 **

55810 *

55290 **

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