Bitcoin / Euro may fall to 52510 - 52970

Our pivot point is at 54810.

Our preference

Under pressure below 54810.

Alternative scenario

Above 54810, look for 55590 and 56060.

Comment

The RSI is below 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 both its 20 and 50 period moving average (respectively at 54392 and 54014).

Supports and resistances

56060 **

55590 *

54810 **

54500

53989 last

52970

52510 **

52040 *

51580 **

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