Bitcoin / Euro may fall to 52320 - 52980

Our pivot point stands at 55250.

Our preference

Target 52320.

Alternative scenario

The upside breakout of 55250, would call for 56360 and 57020.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (54697) but above its 50 period moving average (53998).

Supports and resistances

57020 **

56360 *

55250 **

54810

54305 last

52980

52320 **

51660 *

50990 **

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