Bitcoin / Euro may fall to 54210 - 54690

Our pivot point is at 56480.

Our preference

The downside prevails as long as 56480 is resistance.

Alternative scenario

Above 56480, look for 57280 and 57760.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 56424 and 56623). Finally, the Bitcoin / Euro is trading below its lower Bollinger band (standing at 55765).

Supports and resistances

57760 **

57280 *

56480 **

56170

55761 last

54690

54210 **

53740 *

53260 **

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