Bitcoin / Euro may rise to 57960 - 58470

Our pivot point stands at 56190.

Our preference

As long as 56190 is support look for 58470.

Alternative scenario

The downside breakout of 56190 would call for 55340 and 54840.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 56927 and 56714).

Supports and resistances

59480 **

58970 *

58470 **

57960

56954 last

56520

56190 **

55340 *

54840 **

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