Bitcoin / Euro may fall to 51920 - 52340

Our pivot point is at 53860.

Our preference

Target 51920.

Alternative scenario

Above 53860, look for 54570 and 55000.

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 trading under its 20 period moving average (53435) but above its 50 period moving average (53015).

Supports and resistances

55000 **

54570 *

53860 **

53580

53190 last

52340

51920 **

51490 *

51070 **

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