Bitcoin / Euro may rise to 55400 - 56040

53200 is our pivot point.

Our preference

As long as 53200 is support look for 56040.

Alternative scenario

Below 53200, expect 52120 and 51480.

Comment

The RSI is above 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 53997 and 53918).

Supports and resistances

57330 **

56690 *

56040 **

55400

54111 last

53630

53200 **

52120 *

51480 **

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