Bitcoin / Euro may rise to 54500 - 54960

Our pivot point is at 52790.

Our preference

Rebound.

Alternative scenario

Below 52790, expect 52020 and 51560.

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 (53257) but below its 50 period moving average (53558).

Supports and resistances

55890 **

55430 *

54960 **

54500

53460 last

53100

52790 **

52020 *

51560 **

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