Bitcoin / Euro may fall to 52480 - 52940

Our pivot point stands at 54650.

Our preference

The downside prevails as long as 54650 is resistance.

Alternative scenario

Above 54650, look for 55430 and 55890.

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 54182 and 54128).

Supports and resistances

55890 **

55430 *

54650 **

54340

53877 last

52940

52480 **

52020 *

51560 **

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