Bitcoin / Euro may fall to 52490 - 53150

Our pivot point stands at 55370.

Our preference

As long as 55370 is resistance look for 52490.

Alternative scenario

Above 55370, look for 56490 and 57150.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (54467) but below its 50 period moving average (54556).

Supports and resistances

57150 **

56490 *

55370 **

54930

54495 last

53150

52490 **

51830 *

51160 **

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