Bitcoin / Euro may fall to 55040 - 55740

Our pivot point stands at 58120.

Our preference

The downside prevails as long as 58120 is resistance.

Alternative scenario

Above 58120, look for 59290 and 59990.

Comment

The RSI is below its neutrality area at 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 57193 and 57287).

Supports and resistances

59990 **

59290 *

58120 **

57660

57130 last

55740

55040 **

54340 *

53650 **

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