Bitcoin / USD may fall to 54480 - 54970

Our pivot point stands at 56770.

Our preference

Target 54480.

Alternative scenario

Above 56770, look for 57600 and 58090.

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 (56429) but above its 50 period moving average (55871).

Supports and resistances

58090 **

57600 *

56770 **

56450

56021 last

54970

54480 **

53990 *

53500 **

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