Bitcoin / Euro may rise to 58850 - 59360

Our pivot point stands at 56930.

Our preference

Our next up target stands at 59360.

Alternative scenario

The downside breakout of 56930 would call for 56070 and 55560.

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 both its 20 and 50 period moving average (respectively at 57538 and 57659).

Supports and resistances

60380 **

59870 *

59360 **

58850

57778 last

57270

56930 **

56070 *

55560 **

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