Bitcoin / Euro may rise to 56360 - 57040

Our pivot point stands at 54130.

Our preference

As long as 54130 is support look for 57040.

Alternative scenario

Below 54130, expect 53010 and 52340.

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 above its 20 and 50 period moving average (respectively at 54849 and 54624).

Supports and resistances

58380 **

57710 *

57040 **

56360

55023 last

54580

54130 **

53010 *

52340 **

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