Bitcoin / Euro may rise to 54700 - 55330

Our pivot point is at 52480.

Our preference

Rebound towards 55330.

Alternative scenario

Below 52480, expect 51410 and 50780.

Comment

The RSI is below 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 53636 and 54626).

Supports and resistances

56610 **

55970 *

55330 **

54700

53398 last

52890

52480 **

51410 *

50780 **

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