Bitcoin / Euro may rise to 56600 - 57080

Our pivot point stands at 54830.

Our preference

Rebound.

Alternative scenario

Below 54830, expect 54030 and 53560.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (55338) but below its 50 period moving average (55632).

Supports and resistances

58030 **

57550 *

57080 **

56600

55596 last

55150

54830 **

54030 *

53560 **

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