Bitcoin / Euro may rise to 57800 - 58480

Our pivot point stands at 55480.

Our preference

Rebound towards 58480.

Alternative scenario

Below 55480, expect 54330 and 53640.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56541 and 56852).

Supports and resistances

59860 **

59170 *

58480 **

57800

56390 last

55940

55480 **

54330 *

53640 **

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