Bitcoin / Euro may fall to 55050 - 55530

Our pivot point stands at 57160.

Our preference

The downside prevails as long as 57160 is resistance.

Alternative scenario

Above 57160, look for 57970 and 58450.

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 56742 and 56764).

Supports and resistances

58450 **

57970 *

57160 **

56840

56499 last

55530

55050 **

54570 *

54090 **

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