Bitcoin / Euro may rise to 58730 - 59430

Our pivot point is at 56390.

Our preference

The upside prevails as long as 56390 is support.

Alternative scenario

Below 56390, expect 55210 and 54510.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 57182 and 57183).

Supports and resistances

60830 **

60130 *

59430 **

58730

57333 last

56850

56390 **

55210 *

54510 **

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