Bitcoin / Euro may rise to 56340 - 56820

54750 is our pivot point.

Our preference

The upside prevails as long as 54750 is support.

Alternative scenario

Below 54750, expect 53960 and 53480.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 54985 and 55322).

Supports and resistances

57760 **

57290 *

56820 **

56340

55385 last

55060

54750 **

53960 *

53480 **

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