Bitcoin / Euro may rise to 53590 - 54010

Our pivot point stands at 52110.

Our preference

Rebound towards 54010.

Alternative scenario

The downside breakout of 52110 would call for 51410 and 50980.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (52677) but below its 50 period moving average (53081).

Supports and resistances

54850 **

54430 *

54010 **

53590

52721 last

52390

52110 **

51410 *

50980 **

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