Bitcoin / Euro may rise to 59060 - 59580

Our pivot point is at 57310.

Our preference

The upside prevails as long as 57310 is support.

Alternative scenario

The downside breakout of 57310 would call for 56450 and 55930.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 57594 and 57326).

Supports and resistances

60610 **

60090 *

59580 **

59060

57989 last

57650

57310 **

56450 *

55930 **

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