Bitcoin / Euro may rise to 55040 - 55690

Our pivot point stands at 52790.

Our preference

The upside prevails as long as 52790 is support.

Alternative scenario

Below 52790, expect 51690 and 51040.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 53286 and 53347).

Supports and resistances

57000 **

56340 *

55690 **

55040

53690 last

53220

52790 **

51690 *

51040 **

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