Bitcoin / Euro may rise to 52400 - 52810

Our pivot point stands at 50660.

Our preference

Rebound.

Alternative scenario

The downside breakout of 50660 would call for 49980 and 49570.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (50577) but below its 50 period moving average (52167).

Supports and resistances

53640 **

53220 *

52810 **

52400

51578 last

50930

50660 **

49980 *

49570 **

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