Bitcoin / Euro may fall to 53940 - 54410

Our pivot point is at 56130.

Our preference

The downside prevails as long as 56130 is resistance.

Alternative scenario

Above 56130, look for 56930 and 57400.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 55526 and 55506).

Supports and resistances

57400 **

56930 *

56130 **

55810

55456 last

54410

53940 **

53460 *

52990 **

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