Bitcoin / Euro may fall to 54950 - 55640

58020 is our pivot point.

Our preference

The downside prevails as long as 58020 is resistance.

Alternative scenario

The upside breakout of 58020, would call for 59190 and 59880.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57238 and 57229).

Supports and resistances

59880 **

59190 *

58020 **

57560

57037 last

55640

54950 **

54250 *

53560 **

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