Bitcoin / Euro may rise to 54230 - 54860

Our pivot point stands at 52130.

Our preference

Rebound towards 54860.

Alternative scenario

The downside breakout of 52130 would call for 51070 and 50440.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (52954) but below its 50 period moving average (53500).

Supports and resistances

56120 **

55490 *

54860 **

54230

52965 last

52550

52130 **

51070 *

50440 **

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