Bitcoin / Euro may rise to 55980 - 56640

Our pivot point is at 53730.

Our preference

The upside prevails as long as 53730 is support.

Alternative scenario

Below 53730, expect 52610 and 51950.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 54444 and 54546).

Supports and resistances

57970 **

57310 *

56640 **

55980

54610 last

54170

53730 **

52610 *

51950 **

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