Bitcoin / Euro may fall to 55960 - 56450

Our pivot point stands at 58140.

Our preference

The downside prevails as long as 58140 is resistance.

Alternative scenario

The upside breakout of 58140, would call for 58970 and 59460.

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 57540 and 57550).

Supports and resistances

59460 **

58970 *

58140 **

57820

57464 last

56450

55960 **

55470 *

54980 **

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