Bitcoin / Euro may rise to 58890 - 59590

Our pivot point is at 56480.

Our preference

As long as 56480 is support look for 59590.

Alternative scenario

Below 56480, expect 55310 and 54610.

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 57334 and 57273).

Supports and resistances

60990 **

60290 *

59590 **

58890

57405 last

56940

56480 **

55310 *

54610 **

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