Bitcoin / Euro may fall to 55140 - 55620

Our pivot point stands at 57370.

Our preference

The downside prevails as long as 57370 is resistance.

Alternative scenario

The upside breakout of 57370, would call for 58180 and 58660.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56780 and 56810).

Supports and resistances

58660 **

58180 *

57370 **

57050

56698 last

55620

55140 **

54660 *

54170 **

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