Bitcoin / USD may fall to 55850 - 56520

Our pivot point is at 58750.

Our preference

Under pressure below 58750.

Alternative scenario

The upside breakout of 58750, would call for 59880 and 60550.

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 58299 and 58236).

Supports and resistances

60550 **

59880 *

58750 **

58310

57865 last

56520

55850 **

55180 *

54510 **

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