Bitcoin / Euro may rise to 54350 - 54980

Our pivot point stands at 52170.

Our preference

Rebound towards 54980.

Alternative scenario

Below 52170, expect 51110 and 50480.

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 stands below its 20 and 50 period moving average (respectively at 53288 and 53851).

Supports and resistances

56250 **

55610 *

54980 **

54350

53084 last

52590

52170 **

51110 *

50480 **

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