Bitcoin / Euro may fall to 51310 - 51760

Our pivot point is at 53640.

Our preference

Target 51310.

Alternative scenario

Above 53640, look for 54410 and 54860.

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 (52985) but above its 50 period moving average (52473).

Supports and resistances

54860 **

54410 *

53640 **

53340

52726 last

51760

51310 **

50850 *

50400 **

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