Bitcoin / USD may fall to 56160 - 56680

Our pivot point is at 58610.

Our preference

Target 56160.

Alternative scenario

The upside breakout of 58610, would call for 59480 and 60000.

Comment

The RSI is below 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 (57797) but above its 50 period moving average (57439).

Supports and resistances

60000 **

59480 *

58610 **

58260

57724 last

56680

56160 **

55640 *

55130 **

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