Bitcoin / Euro may rise to 58790 - 59480

Our pivot point stands at 56230.

Our preference

As long as 56230 is support look for 59480.

Alternative scenario

Below 56230, expect 55060 and 54360.

Comment

The RSI is above 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 57228 and 56116).

Supports and resistances

60880 **

60180 *

59480 **

58790

57364 last

56690

56230 **

55060 *

54360 **

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