Bitcoin / Euro may rise to 55410 - 56050

Our pivot point is at 53210.

Our preference

Rebound.

Alternative scenario

The downside breakout of 53210 would call for 52130 and 51490.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (54042) but below its 50 period moving average (54218).

Supports and resistances

57340 **

56700 *

56050 **

55410

54080 last

53640

53210 **

52130 *

51490 **

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