Bitcoin / Euro may rise to 56380 - 56860

Our pivot point is at 54750.

Our preference

The upside prevails as long as 54750 is support.

Alternative scenario

Below 54750, expect 53950 and 53480.

Comment

The RSI is above 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 55332 and 55284).

Supports and resistances

57800 **

57330 *

56860 **

56380

55373 last

55060

54750 **

53950 *

53480 **

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