Bitcoin / Euro may fall to 52060 - 52720

Our pivot point stands at 54900.

Our preference

Technical rebound towards 54900 before a new drop.

Alternative scenario

The upside breakout of 54900, would call for 56010 and 56660.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (53495) but below its 50 period moving average (54121).

Supports and resistances

56660 **

56010 *

54900 **

54470

54030 last

52720

52060 **

51400 *

50740 **

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