Bitcoin / Euro may rise to 58250 - 58740

Our pivot point stands at 56480.

Our preference

Rebound.

Alternative scenario

The downside breakout of 56480 would call for 55660 and 55170.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (57134) but under its 50 period moving average (57361).

Supports and resistances

59710 **

59230 *

58740 **

58250

57238 last

56800

56480 **

55660 *

55170 **

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