Bitcoin / Euro may rise to 58850 - 59360

Our pivot point stands at 57070.

Our preference

The upside prevails as long as 57070 is support.

Alternative scenario

Below 57070, expect 56210 and 55690.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 57490 and 57168). Finally, the Bitcoin / Euro is trading above its upper Bollinger band (standing at 57788).

Supports and resistances

60380 **

59870 *

59360 **

58850

57815 last

57400

57070 **

56210 *

55690 **

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