Bitcoin / Euro may rise to 56760 - 57420

54300 is our pivot point.

Our preference

The upside prevails as long as 54300 is support.

Alternative scenario

The downside breakout of 54300 would call for 53200 and 52540.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 54604 and 54358).

Supports and resistances

58740 **

58080 *

57420 **

56760

55425 last

54730

54300 **

53200 *

52540 **

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