Bitcoin / Euro may rise to 58320 - 58810

56660 is our pivot point.

Our preference

As long as 56660 is support look for 58810.

Alternative scenario

The downside breakout of 56660 would call for 55840 and 55350.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 57287 and 56762).

Supports and resistances

59790 **

59300 *

58810 **

58320

57310 last

56980

56660 **

55840 *

55350 **

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