Bitcoin / Euro may rise to 53090 - 53500

51590 is our pivot point.

Our preference

As long as 51590 is support look for 53500.

Alternative scenario

The downside breakout of 51590 would call for 50890 and 50480.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 52095 and 51639).

Supports and resistances

54340 **

53920 *

53500 **

53090

52145 last

51870

51590 **

50890 *

50480 **

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