Bitcoin / Euro may fall to 51500 - 52150

Our pivot point is at 54450.

Our preference

Technical rebound towards 54450 before a new drop.

Alternative scenario

The upside breakout of 54450, would call for 55540 and 56200.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (53379) but under its 50 period moving average (53696).

Supports and resistances

56200 **

55540 *

54450 **

54010

53545 last

52150

51500 **

50850 *

50190 **

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