Bitcoin / USD may rise to 57890 - 58390

Our pivot point is at 55950.

Our preference

The upside prevails as long as 55950 is support.

Alternative scenario

Below 55950, expect 55120 and 54620.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55986 and 55512).

Supports and resistances

59390 **

58890 *

58390 **

57890

56798 last

56280

55950 **

55120 *

54620 **

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