Bitcoin / USD may rise to 59800 - 60480

Our pivot point stands at 57550.

Our preference

Rebound towards 60480.

Alternative scenario

The downside breakout of 57550 would call for 56410 and 55740.

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 58783 and 59782).

Supports and resistances

61840 **

61160 *

60480 **

59800

58448 last

58000

57550 **

56410 *

55740 **

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