Bitcoin / Euro may fall to 49010 - 49440

Our pivot point stands at 51050.

Our preference

Target 49010.

Alternative scenario

Above 51050, look for 51780 and 52210.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (50789) but above its 50 period moving average (50031).

Supports and resistances

52210 **

51780 *

51050 **

50770

50349 last

49440

49010 **

48570 *

48140 **

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