Bitcoin / USD may rise to 58200 - 58700

Our pivot point is at 56430.

Our preference

As long as 56430 is support look for 58700.

Alternative scenario

Below 56430, expect 55590 and 55090.

Comment

The RSI is above 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 56742 and 56273).

Supports and resistances

59710 **

59210 *

58700 **

58200

57100 last

56760

56430 **

55590 *

55090 **

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