Bitcoin / Euro may rise to 56070 - 56740

Our pivot point stands at 53850.

Our preference

As long as 53850 is support look for 56740.

Alternative scenario

Below 53850, expect 52730 and 52060.

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 under its 20 period moving average (54917) but above its 50 period moving average (54074).

Supports and resistances

58080 **

57410 *

56740 **

56070

54733 last

54290

53850 **

52730 *

52060 **

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