Bitcoin / Euro may rise to 56680 - 57340

Our pivot point stands at 54390.

Our preference

As long as 54390 is support look for 57340.

Alternative scenario

The downside breakout of 54390 would call for 53280 and 52630.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55318 and 54922).

Supports and resistances

58650 **

57990 *

57340 **

56680

55335 last

54820

54390 **

53280 *

52630 **

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