Bitcoin / Euro may rise to 56340 - 56810

Our pivot point is at 54700.

Our preference

Rebound.

Alternative scenario

Below 54700, expect 53900 and 53430.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (54863) but below its 50 period moving average (55339).

Supports and resistances

57750 **

57280 *

56810 **

56340

55320 last

55010

54700 **

53900 *

53430 **

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