Bitcoin / USD may fall to 50000 - 51800

Pivot

55120

Our preference

Short positions below 55120 with targets at 51800 & 50000 in extension.

Alternative scenario

Above 55120 look for further upside with 57200 & 59100 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

59100

57200

55120

53534 Last

51800

50000

49000

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