Bitcoin / Euro may rise to 57030 - 57520

Our pivot point stands at 55310.

Our preference

As long as 55310 is support look for 57520.

Alternative scenario

Below 55310, expect 54500 and 54020.

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 above both its 20 and 50 period moving average (respectively at 55971 and 55833).

Supports and resistances

58480 **

58000 *

57520 **

57030

56061 last

55630

55310 **

54500 *

54020 **

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