Bitcoin / Euro may rise to 56580 - 57060

Our pivot point stands at 54670.

Our preference

Rebound towards 57060.

Alternative scenario

Below 54670, expect 53880 and 53400.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 55693 and 56023). Finally, the Bitcoin / Euro is trading below its lower Bollinger band (standing at 55433).

Supports and resistances

58010 **

57530 *

57060 **

56580

55328 last

54990

54670 **

53880 *

53400 **

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