Bitcoin / Euro may rise to 56080 - 56750

Our pivot point stands at 53780.

Our preference

As long as 53780 is support look for 56750.

Alternative scenario

The downside breakout of 53780 would call for 52660 and 51990.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 54626 and 53931).

Supports and resistances

58090 **

57420 *

56750 **

56080

54658 last

54220

53780 **

52660 *

51990 **

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