Bitcoin / USD may fall to 56170 - 56660

Our pivot point stands at 58410.

Our preference

Target 56170.

Alternative scenario

The upside breakout of 58410, would call for 59230 and 59720.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (57969) but above its 50 period moving average (57470).

Supports and resistances

59720 **

59230 *

58410 **

58090

57638 last

56660

56170 **

55690 *

55200 **

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