Bitcoin / Euro may fall to 54210 - 54680

Our pivot point is at 56280.

Our preference

As long as 56280 is resistance look for 54210.

Alternative scenario

The upside breakout of 56280, would call for 57080 and 57550.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 55712 and 55829).

Supports and resistances

57550 **

57080 *

56280 **

55970

55636 last

54680

54210 **

53730 *

53260 **

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