Bitcoin / Euro may fall to 51450 - 51910

Our pivot point stands at 53610.

Our preference

The downside prevails as long as 53610 is resistance.

Alternative scenario

Above 53610, look for 54380 and 54840.

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 is trading under both its 20 and 50 period moving average (respectively at 53420 and 53364).

Supports and resistances

54840 **

54380 *

53610 **

53310

52924 last

51910

51450 **

51000 *

50540 **

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