Bitcoin / Euro may rise to 56410 - 57070

Our pivot point is at 54200.

Our preference

As long as 54200 is support look for 57070.

Alternative scenario

Below 54200, expect 53100 and 52450.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (55309) but above its 50 period moving average (54615).

Supports and resistances

58380 **

57720 *

57070 **

56410

55090 last

54640

54200 **

53100 *

52450 **

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