Bitcoin / Euro may rise to 54880 - 55340

Our pivot point is at 53110.

Our preference

Rebound towards 55340.

Alternative scenario

The downside breakout of 53110 would call for 52340 and 51880.

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 is trading above its 20 period moving average (53688) but under its 50 period moving average (54576).

Supports and resistances

56270 **

55810 *

55340 **

54880

53729 last

53420

53110 **

52340 *

51880 **

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