Bitcoin / Euro may fall to 49550 - 49950

Our pivot point is at 51640.

Our preference

The downside prevails as long as 51640 is resistance.

Alternative scenario

Above 51640, look for 52330 and 52740.

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 51761 and 52432).

Supports and resistances

52740 **

52330 *

51640 **

51380

51047 last

49950

49550 **

49140 *

48740 **

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