Bitcoin / Euro may rise to 55310 - 55950

Our pivot point is at 53090.

Our preference

As long as 53090 is support look for 55950.

Alternative scenario

Below 53090, expect 52010 and 51370.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 53897 and 53810).

Supports and resistances

57240 **

56600 *

55950 **

55310

53992 last

53510

53090 **

52010 *

51370 **

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