Bitcoin / Euro may rise to 56140 - 56800

Our pivot point is at 53910.

Our preference

As long as 53910 is support look for 56800.

Alternative scenario

The downside breakout of 53910 would call for 52810 and 52160.

Comment

The RSI is above its neutrality area at 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 54713 and 53718).

Supports and resistances

58100 **

57450 *

56800 **

56140

54835 last

54340

53910 **

52810 *

52160 **

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