Bitcoin / Euro may rise to 53350 - 53800

Our pivot point stands at 51740.

Our preference

The upside prevails as long as 51740 is support.

Alternative scenario

Below 51740, expect 50980 and 50530.

Comment

The RSI is above 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 51880 and 51640).

Supports and resistances

54700 **

54250 *

53800 **

53350

52431 last

52030

51740 **

50980 *

50530 **

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