Bitcoin / USD may fall to 53350 - 53830

Our pivot point is at 55640.

Our preference

Target 53350.

Alternative scenario

The upside breakout of 55640, would call for 56450 and 56930.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (55417) but above its 50 period moving average (54688).

Supports and resistances

56930 **

56450 *

55640 **

55320

54894 last

53830

53350 **

52870 *

52390 **

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