Bitcoin / USD may rise to 59480 - 60000

56500 is our pivot point.

Our preference

As long as 56500 is support look for 60000.

Alternative scenario

The downside breakout of 56500 would call for 55660 and 55160.

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 57274 and 56419). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (57786).

Supports and resistances

61020 **

60510 *

60000 **

59480

57949 last

56830

56500 **

55660 *

55160 **

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