Bitcoin / Euro may rise to 54650 - 55300

Our pivot point stands at 52440.

Our preference

Rebound towards 55300.

Alternative scenario

Below 52440, expect 51350 and 50700.

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 is trading above its 20 period moving average (53234) but under its 50 period moving average (54061).

Supports and resistances

56600 **

55950 *

55300 **

54650

53345 last

52870

52440 **

51350 *

50700 **

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