Bitcoin / Euro may rise to 56810 - 57470

Our pivot point is at 54580.

Our preference

The upside prevails as long as 54580 is support.

Alternative scenario

Below 54580, expect 53480 and 52820.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55442 and 55207).

Supports and resistances

58800 **

58130 *

57470 **

56810

55466 last

55020

54580 **

53480 *

52820 **

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