Bitcoin may fall to 41840 - 42220

43470 is our pivot point.

Our preference

The downside prevails as long as 43470 is resistance.

Alternative scenario

The upside breakout of 43470, would call for 44100 and 44480.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 43264 and 43176).

Supports and resistances

44480 **

44100 *

43470 **

43220

42972 last

42220

41840 **

41460 *

41080 **

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