Bitcoin / Euro may fall to 56840 - 57340

Our pivot point stands at 59090.

Our preference

The downside prevails as long as 59090 is resistance.

Alternative scenario

The upside breakout of 59090, would call for 59930 and 60430.

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 58710 and 58765).

Supports and resistances

60430 **

59930 *

59090 **

58760

58424 last

57340

56840 **

56340 *

55840 **

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