Bitcoin / Euro may rise to 56710 - 57370

Our pivot point is at 54400.

Our preference

As long as 54400 is support look for 57370.

Alternative scenario

The downside breakout of 54400 would call for 53300 and 52640.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (55311) but above its 50 period moving average (54832).

Supports and resistances

58680 **

58020 *

57370 **

56710

55310 last

54830

54400 **

53300 *

52640 **

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