Bitcoin / Euro may rise to 56630 - 57110

Our pivot point is at 54850.

Our preference

The upside prevails as long as 54850 is support.

Alternative scenario

Below 54850, expect 54050 and 53580.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55230 and 55311).

Supports and resistances

58060 **

57590 *

57110 **

56630

55624 last

55160

54850 **

54050 *

53580 **

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