Bitcoin / Euro may rise to 55790 - 56260

54000 is our pivot point.

Our preference

The upside prevails as long as 54000 is support.

Alternative scenario

Below 54000, expect 53210 and 52740.

Comment

The RSI is above its neutrality area at 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 53894 and 54261).

Supports and resistances

57200 **

56730 *

56260 **

55790

54778 last

54310

54000 **

53210 *

52740 **

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