Bitcoin / Euro may rise to 56820 - 57480

Our pivot point stands at 54610.

Our preference

As long as 54610 is support look for 57480.

Alternative scenario

Below 54610, expect 53500 and 52840.

Comment

The RSI is above 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 55270 and 54703).

Supports and resistances

58800 **

58140 *

57480 **

56820

55494 last

55040

54610 **

53500 *

52840 **

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