Bitcoin / Euro may rise to 54210 - 54670

Our pivot point stands at 52590.

Our preference

Rebound towards 54670.

Alternative scenario

The downside breakout of 52590 would call for 51820 and 51360.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 53222 and 53669).

Supports and resistances

55590 **

55130 *

54670 **

54210

53200 last

52890

52590 **

51820 *

51360 **

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