Bitcoin / USD may rise to 57920 - 58410

56160 is our pivot point.

Our preference

The upside prevails as long as 56160 is support.

Alternative scenario

Below 56160, expect 55330 and 54830.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56526 and 56052).

Supports and resistances

59410 **

58910 *

58410 **

57920

56904 last

56490

56160 **

55330 *

54830 **

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