Bitcoin / Euro may rise to 58600 - 59090

Our pivot point stands at 56700.

Our preference

As long as 56700 is support look for 59090.

Alternative scenario

Below 56700, expect 55860 and 55370.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (57553) but above its 50 period moving average (56455).

Supports and resistances

60090 **

59590 *

59090 **

58600

57350 last

57020

56700 **

55860 *

55370 **

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