Bitcoin / Euro may rise to 53120 - 53570

Our pivot point is at 51410.

Our preference

As long as 51410 is support look for 53570.

Alternative scenario

Below 51410, expect 50660 and 50210.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 51894 and 51514).

Supports and resistances

54460 **

54020 *

53570 **

53120

52026 last

51710

51410 **

50660 *

50210 **

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