Bitcoin / Euro may rise to 55460 - 55930

Our pivot point stands at 53640.

Our preference

The upside prevails as long as 53640 is support.

Alternative scenario

The downside breakout of 53640 would call for 52860 and 52390.

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 54303 and 54023).

Supports and resistances

56870 **

56400 *

55930 **

55460

54482 last

53950

53640 **

52860 *

52390 **

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