Bitcoin / Euro may rise to 58560 - 59050

56870 is our pivot point.

Our preference

As long as 56870 is support look for 59050.

Alternative scenario

Below 56870, expect 56050 and 55560.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (57638) but above its 50 period moving average (57462).

Supports and resistances

60040 **

59550 *

59050 **

58560

57553 last

57200

56870 **

56050 *

55560 **

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