Bitcoin / Euro may fall to 54680 - 55370

57860 is our pivot point.

Our preference

The downside prevails as long as 57860 is resistance.

Alternative scenario

Above 57860, look for 59030 and 59720.

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 57000 and 57166).

Supports and resistances

59720 **

59030 *

57860 **

57400

56753 last

55370

54680 **

53990 *

53290 **

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