Bitcoin / Euro may rise to 54440 - 55090

Our pivot point stands at 52250.

Our preference

Rebound towards 55090.

Alternative scenario

The downside breakout of 52250 would call for 51170 and 50520.

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 53178 and 53285).

Supports and resistances

56380 **

55730 *

55090 **

54440

53109 last

52680

52250 **

51170 *

50520 **

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