Bitcoin / Euro may fall to 56200 - 56660

Our pivot point stands at 58360.

Our preference

The downside prevails as long as 58360 is resistance.

Alternative scenario

Above 58360, look for 59140 and 59600.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58021 and 58380).

Supports and resistances

59600 **

59140 *

58360 **

58060

57580 last

56660

56200 **

55740 *

55280 **

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