Bitcoin / USD may fall to 55460 - 55970

Our pivot point stands at 58050.

Our preference

Target 55460.

Alternative scenario

The upside breakout of 58050, would call for 58920 and 59430.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (57383) but above its 50 period moving average (56846).

Supports and resistances

59430 **

58920 *

58050 **

57710

57054 last

55970

55460 **

54950 *

54440 **

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