Bitcoin / Euro may rise to 54320 - 54970

52150 is our pivot point.

Our preference

Rebound towards 54970.

Alternative scenario

Below 52150, expect 51070 and 50430.

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 is trading under both its 20 and 50 period moving average (respectively at 53155 and 53285).

Supports and resistances

56260 **

55610 *

54970 **

54320

53004 last

52580

52150 **

51070 *

50430 **

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