Bitcoin / Euro may rise to 56890 - 57370

Our pivot point stands at 55010.

Our preference

As long as 55010 is support look for 57370.

Alternative scenario

The downside breakout of 55010 would call for 54210 and 53730.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (56070) but above its 50 period moving average (54484).

Supports and resistances

58330 **

57850 *

57370 **

56890

55930 last

55320

55010 **

54210 *

53730 **

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