Bitcoin / Euro may rise to 54260 - 54890

Our pivot point stands at 52040.

Our preference

Rebound towards 54890.

Alternative scenario

Below 52040, expect 50980 and 50350.

Comment

The RSI is below its neutrality area at 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 53076 and 53837).

Supports and resistances

56160 **

55520 *

54890 **

54260

53001 last

52460

52040 **

50980 *

50350 **

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