Bitcoin / Euro may fall to 52210 - 52870

Our pivot point is at 55260.

Our preference

The downside prevails as long as 55260 is resistance.

Alternative scenario

The upside breakout of 55260, would call for 56370 and 57040.

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 54587 and 54643).

Supports and resistances

57040 **

56370 *

55260 **

54820

54365 last

52870

52210 **

51550 *

50890 **

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