Bitcoin / Euro may rise to 54030 - 54650

Our pivot point stands at 51880.

Our preference

Rebound towards 54650.

Alternative scenario

Below 51880, expect 50830 and 50200.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (52447) but below its 50 period moving average (53033).

Supports and resistances

55910 **

55280 *

54650 **

54030

52728 last

52300

51880 **

50830 *

50200 **

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