Bitcoin / Euro may rise to 58770 - 59470

Our pivot point stands at 56420.

Our preference

As long as 56420 is support look for 59470.

Alternative scenario

Below 56420, expect 55250 and 54550.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (57393) but above its 50 period moving average (57245).

Supports and resistances

60870 **

60170 *

59470 **

58770

57373 last

56880

56420 **

55250 *

54550 **

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