Bitcoin / Euro may rise to 55060 - 55520

Our pivot point stands at 53380.

Our preference

The upside prevails as long as 53380 is support.

Alternative scenario

Below 53380, expect 52600 and 52130.

Comment

The RSI is above its neutrality area at 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 53696 and 53431).

Supports and resistances

56460 **

55990 *

55520 **

55060

54038 last

53690

53380 **

52600 *

52130 **

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