Bitcoin / Euro may rise to 57770 - 58280

Our pivot point is at 56030.

Our preference

Rebound.

Alternative scenario

Below 56030, expect 55180 and 54680.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (56553) but under its 50 period moving average (56852).

Supports and resistances

59280 **

58780 *

58280 **

57770

56766 last

56360

56030 **

55180 *

54680 **

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