Bitcoin / Euro may rise to 55050 - 55690

Our pivot point stands at 52890.

Our preference

As long as 52890 is support look for 55690.

Alternative scenario

Below 52890, expect 51810 and 51170.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 53678 and 53462).

Supports and resistances

56970 **

56330 *

55690 **

55050

53741 last

53310

52890 **

51810 *

51170 **

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