Bitcoin / Euro may fall to 57050 - 57550

59420 is our pivot point.

Our preference

The downside prevails as long as 59420 is resistance.

Alternative scenario

The upside breakout of 59420, would call for 60260 and 60770.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59099 and 59407).

Supports and resistances

60770 **

60260 *

59420 **

59080

58703 last

57550

57050 **

56550 *

56050 **

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