Bitcoin / Euro may rise to 56020 - 56690

53810 is our pivot point.

Our preference

As long as 53810 is support look for 56690.

Alternative scenario

The downside breakout of 53810 would call for 52690 and 52020.

Comment

The RSI is above 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 (54697) but above its 50 period moving average (54459).

Supports and resistances

58020 **

57350 *

56690 **

56020

54687 last

54250

53810 **

52690 *

52020 **

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