Bitcoin / Euro may rise to 55610 - 56260

Our pivot point is at 53290.

Our preference

The upside prevails as long as 53290 is support.

Alternative scenario

Below 53290, expect 52200 and 51560.

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 53291 and 52947).

Supports and resistances

57550 **

56900 *

56260 **

55610

54189 last

53710

53290 **

52200 *

51560 **

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