Bitcoin / Euro may fall to 55960 - 56470

58170 is our pivot point.

Our preference

The downside prevails as long as 58170 is resistance.

Alternative scenario

The upside breakout of 58170, would call for 59020 and 59530.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 57702 and 57562).

Supports and resistances

59530 **

59020 *

58170 **

57830

57486 last

56470

55960 **

55450 *

54940 **

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