Bitcoin / Euro may rise to 59920 - 60420

57990 is our pivot point.

Our preference

The upside prevails as long as 57990 is support.

Alternative scenario

Below 57990, expect 57140 and 56640.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 58347 and 58500).

Supports and resistances

61430 **

60930 *

60420 **

59920

58907 last

58320

57990 **

57140 *

56640 **

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