Bitcoin / Euro may rise to 52230 - 52670

Our pivot point stands at 50420.

Our preference

As long as 50420 is support look for 52670.

Alternative scenario

The downside breakout of 50420 would call for 49680 and 49250.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 50796 and 49347).

Supports and resistances

53550 **

53110 *

52670 **

52230

51337 last

50710

50420 **

49680 *

49250 **

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