Bitcoin / Euro may rise to 57960 - 58450

56230 is our pivot point.

Our preference

The upside prevails as long as 56230 is support.

Alternative scenario

The downside breakout of 56230 would call for 55420 and 54930.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 56780 and 56808).

Supports and resistances

59420 **

58940 *

58450 **

57960

56892 last

56550

56230 **

55420 *

54930 **

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