Bitcoin / USD may rise to 56150 - 56630

54450 is our pivot point.

Our preference

Rebound towards 56630.

Alternative scenario

The downside breakout of 54450 would call for 53640 and 53160.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 55402 and 56323).

Supports and resistances

57600 **

57120 *

56630 **

56150

55181 last

54770

54450 **

53640 *

53160 **

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