Bitcoin / Euro may rise to 53560 - 54020

Our pivot point is at 51830.

Our preference

As long as 51830 is support look for 54020.

Alternative scenario

The downside breakout of 51830 would call for 51070 and 50620.

Comment

The RSI is above 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 52378 and 51925).

Supports and resistances

54920 **

54470 *

54020 **

53560

52519 last

52130

51830 **

51070 *

50620 **

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