BTCUSD has been growing up within the ascendant channel since the 25th of March.
The support rests at 587230.80 with resistance at 60919.20 which the weekly pivot point at 55013.70 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 61000.

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