Bitcoin / USD may rise to 57200 - 59100

Pivot

53200

Our preference

Long positions above 53200 with targets at 57200 & 59100 in extension.

Alternative scenario

Below 53200 look for further downside with 51400 & 49500 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

61300

59100

57200

55526 Last

53200

51400

49500

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