While BTC/USD had been on an upward trend. It has since slowed and is now trading at approximately midpoint of this sideways/up trend. Also, the trailing line is attempting to break out of its previous high, which it hasn’t done yet.
The support rests at 56570 with resistance at 57017 which the price is below the Pivot Point at 56794.6 located between the lines. The EMA of 10 is showing a bullish bias in the ascendant channel, and it crossed the EMA of 100 and the EMA of 200. Both EMA of 100 and 200 are moving upward and generating a buy signal. The RSI is moving above the level of 70, the MACD histogram is in negative territory with the signals showing upward momentum and the Stochastic is moving in high ranges. The ADX is not showing a clear signal.
The price is below the Ichimoku Cloud and the Chinkou Span is far away the market price. The Tenkan-sen and the Kijun-sen are both showing an upward momentum.

• There is resistance at 57017, followed by resistance at 57241.6 and 57688.6.
• There is support at 56570 Below, there is 56347.6 and 55900.6.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.