Bitcoin / Euro may rise to 59560 - 60070

Our pivot point is at 57800.

Our preference

Rebound towards 60070.

Alternative scenario

The downside breakout of 57800 would call for 56940 and 56430.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58710 and 59426).

Supports and resistances

61090 **

60580 *

60070 **

59560

58536 last

58140

57800 **

56940 *

56430 **

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