Bitcoin / Euro may fall to 51180 - 51830

Our pivot point is at 54050.

Our preference

The downside prevails as long as 54050 is resistance.

Alternative scenario

Above 54050, look for 55140 and 55780.

Comment

The RSI is below 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 54257 and 55347).

Supports and resistances

55780 **

55140 *

54050 **

53620

53129 last

51830

51180 **

50540 *

49890 **

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