Bitcoin / Euro may rise to 53340 - 53790

51700 is our pivot point.

Our preference

As long as 51700 is support look for 53790.

Alternative scenario

Below 51700, expect 50950 and 50500.

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 trading above both its 20 and 50 period moving average (respectively at 52008 and 51581).

Supports and resistances

54690 **

54240 *

53790 **

53340

52300 last

52000

51700 **

50950 *

50500 **

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