Bitcoin / Euro may fall to 56670 - 57170

59070 is our pivot point.

Our preference

The downside prevails as long as 59070 is resistance.

Alternative scenario

Above 59070, look for 59910 and 60420.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58750 and 58955).

Supports and resistances

60420 **

59910 *

59070 **

58740

58316 last

57170

56670 **

56170 *

55670 **

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