Bitcoin grew yesterday and there is high chance that it maintains the bullish momentum.
The support rests at 57516.90 with resistance at 58396.80 which the weekly pivot point at 56717.20 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 above level 50, the MACD line is above the signal line in the positive 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 is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 59400.
