Bitcoin / Euro may rise to 54550 - 55010

Our pivot point stands at 52970.

Our preference

As long as 52970 is support look for 55010.

Alternative scenario

Below 52970, expect 52190 and 51730.

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 53385 and 53047).

Supports and resistances

55940 **

55480 *

55010 **

54550

53591 last

53280

52970 **

52190 *

51730 **

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