Bitcoin / Euro may rise to 56090 - 56560

Our pivot point is at 54480.

Our preference

Rebound.

Alternative scenario

Below 54480, expect 53690 and 53220.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (54913) but under its 50 period moving average (55348).

Supports and resistances

57500 **

57030 *

56560 **

56090

55102 last

54790

54480 **

53690 *

53220 **

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