Bitcoin / Euro may rise to 55000 - 55630

52840 is our pivot point.

Our preference

The upside prevails as long as 52840 is support.

Alternative scenario

The downside breakout of 52840 would call for 51770 and 51130.

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 trading above both its 20 and 50 period moving average (respectively at 53101 and 53454). Finally, the Bitcoin / Euro is trading above its upper Bollinger band (standing at 53707).

Supports and resistances

56910 **

56270 *

55630 **

55000

53712 last

53260

52840 **

51770 *

51130 **

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