Bitcoin / Euro may rise to 56760 - 57230

Our pivot point stands at 55030.

Our preference

Rebound towards 57230.

Alternative scenario

The downside breakout of 55030 would call for 54240 and 53760.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (55569) but below its 50 period moving average (55993).

Supports and resistances

58190 **

57710 *

57230 **

56760

55662 last

55350

55030 **

54240 *

53760 **

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