Bitcoin start the week with a bullish trend. Turning the bullish trend to the neutral outlook is expected. But the price declines can give a good opportunity to the buyers and a continuous sideways movement signals of a higher trading for the next months.
The support rests at 57257.00 with resistance at 57365.80 which the price is below the Pivot Point at 57329.50 located between the lines. The EMA of 10 is showing a slight bullish bias and it is above EMA of 100 and the EMA of 200. Both EMA of 100 and 200 are moving horizontally. The RSI is moving at the level of 50, the MACD histogram is in positive territory and the Stochastic is moving in high ranges with a crossover showing a sell opportunity. The ADX is not showing a clear signal. The price is within the Ichimoku Cloud and the Chinkou Span is far away from the market price. The Tenkan-sen and the Kijun-sen are both showing a horizontal momentum.

• There is resistance at 57365.80, followed by resistance at 57438.20 and 57474.50.
• There is support at 57257.00 Below, there is 57220.80 and 57148.20.

BTCUSDanalysis