Bitcoin / Euro may rise to 54450 - 55100

52190 is our pivot point.

Our preference

Rebound towards 55100.

Alternative scenario

The downside breakout of 52190 would call for 51100 and 50460.

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 under both its 20 and 50 period moving average (respectively at 53133 and 54501).

Supports and resistances

56390 **

55740 *

55100 **

54450

53131 last

52610

52190 **

51100 *

50460 **

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