Bitcoin / Euro may rise to 54480 - 54940

Our pivot point stands at 51760.

Our preference

The upside prevails as long as 51760 is support.

Alternative scenario

Below 51760, expect 51010 and 50560.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 52401 and 51648). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (52922).

Supports and resistances

55860 **

55400 *

54940 **

54480

53150 last

52060

51760 **

51010 *

50560 **

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