Bitcoin / Euro may rise to 58390 - 59080

Our pivot point stands at 56080.

Our preference

Rebound towards 59080.

Alternative scenario

The downside breakout of 56080 would call for 54920 and 54220.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57118 and 57245).

Supports and resistances

60470 **

59780 *

59080 **

58390

57000 last

56540

56080 **

54920 *

54220 **

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