Bitcoin / USD may fall to 53600 - 54060

Our pivot point stands at 55950.

Our preference

The downside prevails as long as 55950 is resistance.

Alternative scenario

The upside breakout of 55950, would call for 56740 and 57210.

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 is trading under both its 20 and 50 period moving average (respectively at 56039 and 56827).

Supports and resistances

57210 **

56740 *

55950 **

55640

55275 last

54060

53600 **

53130 *

52670 **

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