Bitcoin / Euro may rise to 51420 - 51850

Our pivot point is at 49880.

Our preference

Rebound towards 51850.

Alternative scenario

The downside breakout of 49880 would call for 49150 and 48720.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 50736 and 51604).

Supports and resistances

52720 **

52280 *

51850 **

51420

50535 last

50160

49880 **

49150 *

48720 **

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