Bitcoin / Euro may rise to 53010 - 53460

Our pivot point is at 51480.

Our preference

Our next up target stands at 53460.

Alternative scenario

Below 51480, expect 50730 and 50290.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 50739 and 51602). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (51866).

Supports and resistances

54360 **

53910 *

53460 **

53010

52119 last

51780

51480 **

50730 *

50290 **

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