Bitcoin / Euro may rise to 53020 - 53470

Our pivot point stands at 51340.

Our preference

The upside prevails as long as 51340 is support.

Alternative scenario

Below 51340, expect 50590 and 50140.

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 51325 and 50826).

Supports and resistances

54370 **

53920 *

53470 **

53020

52058 last

51630

51340 **

50590 *

50140 **

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