Bitcoin / USD may rise to 53560 - 54020

Our pivot point stands at 50910.

Our preference

Rebound towards 54020.

Alternative scenario

The downside breakout of 50910 would call for 50150 and 49700.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 53254 and 56939).

Supports and resistances

54950 **

54480 *

54020 **

53560

51569 last

51210

50910 **

50150 *

49700 **

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