Bitcoin / Euro may fall to 42880 - 46000

56470 is our pivot point.

Our preference

The downside prevails as long as 56470 is resistance.

Alternative scenario

The upside breakout of 56470, would call for 61730 and 64860.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56324 and 60405).

Supports and resistances

64860 **

61730 *

56470 **

54400

52307 last

46000

42880 **

39750 *

36620 **

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