Bitcoin / Euro may rise to 56900 - 57580

Our pivot point stands at 54580.

Our preference

Rebound towards 57580.

Alternative scenario

Below 54580, expect 53440 and 52770.

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 stands below its 20 and 50 period moving average (respectively at 55591 and 56104).

Supports and resistances

58930 **

58250 *

57580 **

56900

55500 last

55020

54580 **

53440 *

52770 **

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