Bitcoin / Euro may rise to 56530 - 57010

54950 is our pivot point.

Our preference

Rebound towards 57010.

Alternative scenario

The downside breakout of 54950 would call for 54150 and 53680.

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 (55522) but under its 50 period moving average (56203).

Supports and resistances

57960 **

57480 *

57010 **

56530

55575 last

55260

54950 **

54150 *

53680 **

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