Bitcoin / Euro may rise to 54470 - 55100

Our pivot point is at 52290.

Our preference

The upside prevails as long as 52290 is support.

Alternative scenario

Below 52290, expect 51220 and 50590.

Comment

The RSI is above 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 52873 and 53086).

Supports and resistances

56370 **

55740 *

55100 **

54470

53193 last

52700

52290 **

51220 *

50590 **

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