Bitcoin / Euro may fall to 48810 - 52040

Our pivot point is at 62830.

Our preference

The downside prevails as long as 62830 is resistance.

Alternative scenario

Above 62830, look for 68260 and 71500.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59382 and 61555).

Supports and resistances

71500 **

68260 *

62830 **

60690

58550 last

52040

48810 **

45570 *

42340 **

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