Bitcoin / Euro may rise to 58730 - 59240

Our pivot point stands at 56720.

Our preference

Our next up target stands at 59240.

Alternative scenario

The downside breakout of 56720 would call for 55860 and 55360.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 57477 and 57554).

Supports and resistances

60270 **

59750 *

59240 **

58730

57625 last

57060

56720 **

55860 *

55360 **

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