Bitcoin / Euro may rise to 56510 - 56980

54890 is our pivot point.

Our preference

Rebound towards 56980.

Alternative scenario

The downside breakout of 54890 would call for 54090 and 53620.

Comment

The RSI is below 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 55669 and 56300).

Supports and resistances

57930 **

57450 *

56980 **

56510

55557 last

55200

54890 **

54090 *

53620 **

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