Bitcoin / Euro may rise to 56220 - 56890

Our pivot point is at 53960.

Our preference

The upside prevails as long as 53960 is support.

Alternative scenario

Below 53960, expect 52840 and 52170.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 54389 and 53807).

Supports and resistances

58230 **

57560 *

56890 **

56220

54867 last

54400

53960 **

52840 *

52170 **

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