Bitcoin / Euro may rise to 53090 - 53530

Our pivot point is at 51500.

Our preference

The upside prevails as long as 51500 is support.

Alternative scenario

Below 51500, expect 50750 and 50300.

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 trading above both its 20 and 50 period moving average (respectively at 51795 and 51363).

Supports and resistances

54430 **

53980 *

53530 **

53090

52155 last

51800

51500 **

50750 *

50300 **

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