Bitcoin / Euro may fall to 50780 - 51400

53510 is our pivot point.

Our preference

The downside prevails as long as 53510 is resistance.

Alternative scenario

Above 53510, look for 54560 and 55190.

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 53092 and 53067). Finally, the Bitcoin / Euro is trading below its lower Bollinger band (standing at 52682).

Supports and resistances

55190 **

54560 *

53510 **

53090

52658 last

51400

50780 **

50150 *

49520 **

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