Bitcoin / Euro may rise to 55770 - 56240

Our pivot point stands at 53980.

Our preference

The upside prevails as long as 53980 is support.

Alternative scenario

The downside breakout of 53980 would call for 53190 and 52730.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 53737 and 52415).

Supports and resistances

57180 **

56710 *

56240 **

55770

54600 last

54290

53980 **

53190 *

52730 **

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