Bitcoin / USD may rise to 56950 - 57440

Our pivot point stands at 55010.

Our preference

As long as 55010 is support look for 57440.

Alternative scenario

Below 55010, expect 54190 and 53710.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55538 and 53984).

Supports and resistances

58420 **

57930 *

57440 **

56950

55968 last

55340

55010 **

54190 *

53710 **

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