Bitcoin / Euro may rise to 54490 - 55130

Our pivot point is at 52220.

Our preference

Rebound towards 55130.

Alternative scenario

The downside breakout of 52220 would call for 51140 and 50490.

Comment

The RSI is below 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 53298 and 54772).

Supports and resistances

56430 **

55780 *

55130 **

54490

53090 last

52650

52220 **

51140 *

50490 **

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