Bitcoin / Euro may rise to 57880 - 58360

Our pivot point stands at 56260.

Our preference

Rebound towards 58360.

Alternative scenario

Below 56260, expect 55450 and 54960.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (56877) but under its 50 period moving average (57253).

Supports and resistances

59340 **

58850 *

58360 **

57880

56906 last

56590

56260 **

55450 *

54960 **

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