Bitcoin / Euro may fall to 55740 - 56230

Our pivot point stands at 57930.

Our preference

Under pressure below 57930.

Alternative scenario

The upside breakout of 57930, would call for 58750 and 59240.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57283 and 57278).

Supports and resistances

59240 **

58750 *

57930 **

57610

57205 last

56230

55740 **

55250 *

54760 **

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