Bitcoin / Euro may fall to 51710 - 52160

Our pivot point stands at 53760.

Our preference

The downside prevails as long as 53760 is resistance.

Alternative scenario

Above 53760, look for 54530 and 54990.

Comment

The RSI is below 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 53515 and 53732).

Supports and resistances

54990 **

54530 *

53760 **

53460

53128 last

52160

51710 **

51250 *

50790 **

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