Bitcoin / Euro may rise to 54390 - 55020

Our pivot point stands at 52280.

Our preference

Rebound towards 55020.

Alternative scenario

Below 52280, expect 51210 and 50580.

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 53400 and 54296).

Supports and resistances

56280 **

55650 *

55020 **

54390

53111 last

52690

52280 **

51210 *

50580 **

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