Bitcoin / Euro may fall to 51570 - 52200

54440 is our pivot point.

Our preference

The downside prevails as long as 54440 is resistance.

Alternative scenario

Above 54440, look for 55510 and 56150.

Comment

The RSI is below its neutrality area at 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 54383 and 54932).

Supports and resistances

56150 **

55510 *

54440 **

54020

53589 last

52200

51570 **

50930 *

50290 **

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