Bitcoin / Euro may rise to 54370 - 55010

Our pivot point is at 52220.

Our preference

Rebound towards 55010.

Alternative scenario

Below 52220, expect 51160 and 50530.

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 53098 and 53767).

Supports and resistances

56270 **

55640 *

55010 **

54370

53082 last

52640

52220 **

51160 *

50530 **

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