Bitcoin / USD may rise to 58450 - 58960

Our pivot point stands at 56590.

Our preference

As long as 56590 is support look for 58960.

Alternative scenario

The downside breakout of 56590 would call for 55750 and 55240.

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 57137 and 56658).

Supports and resistances

59960 **

59460 *

58960 **

58450

57251 last

56920

56590 **

55750 *

55240 **

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