Bitcoin / Euro may rise to 54820 - 55480

Our pivot point stands at 52660.

Our preference

Our next up target stands at 55480.

Alternative scenario

Below 52660, expect 51560 and 50910.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 53465 and 53435).

Supports and resistances

56780 **

56130 *

55480 **

54820

53518 last

53090

52660 **

51560 *

50910 **

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