Bitcoin / Euro may rise to 55320 - 55790

Our pivot point is at 53710.

Our preference

The upside prevails as long as 53710 is support.

Alternative scenario

Below 53710, expect 52920 and 52450.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 54014 and 53544).

Supports and resistances

56730 **

56260 *

55790 **

55320

54356 last

54020

53710 **

52920 *

52450 **

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