Bitcoin / USD may fall to 57310 - 58020

Our pivot point is at 60510.

Our preference

Technical rebound towards 60510 before a new drop.

Alternative scenario

The upside breakout of 60510, would call for 61700 and 62410.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (59361) but under its 50 period moving average (59652).

Supports and resistances

62410 **

61700 *

60510 **

60040

59555 last

58020

57310 **

56600 *

55890 **

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