Bitcoin / USD may fall to 56820 - 57500

Our pivot point stands at 59910.

Our preference

The downside prevails as long as 59910 is resistance.

Alternative scenario

The upside breakout of 59910, would call for 61060 and 61750.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59920 and 60452).

Supports and resistances

61750 **

61060 *

59910 **

59460

59003 last

57500

56820 **

56130 *

55450 **

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