Bitcoin / Euro may rise to 56730 - 57210

Our pivot point stands at 55090.

Our preference

Rebound.

Alternative scenario

Below 55090, expect 54290 and 53820.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (55528) but below its 50 period moving average (56083).

Supports and resistances

58160 **

57690 *

57210 **

56730

55781 last

55410

55090 **

54290 *

53820 **

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