Bitcoin / Euro may fall to 55350 - 55850

Our pivot point stands at 57860.

Our preference

The downside prevails as long as 57860 is resistance.

Alternative scenario

Above 57860, look for 58710 and 59220.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57380 and 57586).

Supports and resistances

59220 **

58710 *

57860 **

57520

56880 last

55850

55350 **

54840 *

54340 **

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