Crypto Technicals: BTC/EUR finds stiff resistance at 50W SMA, upside only on break above

BTC/EUR chart - Trading View 

Exchange - Bitstamp

Support: 4591 (20-DMA); Resistance: 4768 (50W-SMA)

Technical Analysis: Bias Bullish

- BTC/EUR is extending sideways grind, trades rangebound at 4728 at 1245 GMT
- The pair finds stiff resistance at 50W SMA at 4768, breakout above required for further upside
- Volatility is increasing on the weekly charts, Bollinger bands are widening in support
- Momentum studies are bullish, there is a potential for 'Golden Cross' formation on the daily charts
- Break above 50W SMA with 'Golden Cross' formation on the daily charts confirms further upside
- Next major resistance lies at 5000 mark, ahead of 5471 (100W SMA) and then 6002 (23.6% Fib)
- 21-EMA is immediate support at 4480, break below will see dip till 55-EMA 4062

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