Bitcoin / Euro may rise to 54700 - 55350

Our pivot point is at 52400.

Our preference

Rebound towards 55350.

Alternative scenario

The downside breakout of 52400 would call for 51310 and 50660.

Comment

The RSI is below its neutrality area at 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 53438 and 53515).

Supports and resistances

56650 **

56000 *

55350 **

54700

53254 last

52830

52400 **

51310 *

50660 **

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