Bitcoin / Euro may rise to 55090 - 55530

Our pivot point stands at 53350.

Our preference

Rebound.

Alternative scenario

Below 53350, expect 52620 and 52190.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (53476) but under its 50 period moving average (54303).

Supports and resistances

56390 **

55960 *

55530 **

55090

53962 last

53630

53350 **

52620 *

52190 **

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