Bitcoin / Euro may fall to 51410 - 52060

Our pivot point stands at 54430.

Our preference

The downside prevails as long as 54430 is resistance.

Alternative scenario

Above 54430, look for 55530 and 56180.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 53878 and 54165).

Supports and resistances

56180 **

55530 *

54430 **

54000

53539 last

52060

51410 **

50760 *

50110 **

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