Bitcoin / Euro may rise to 54000 - 54460

Our pivot point is at 52460.

Our preference

The upside prevails as long as 52460 is support.

Alternative scenario

Below 52460, expect 51690 and 51230.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 52574 and 52349).

Supports and resistances

55380 **

54920 *

54460 **

54000

53061 last

52760

52460 **

51690 *

51230 **

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