Bitcoin / USD may fall to 59020 - 59590

Our pivot point is at 61620.

Our preference

As long as 61620 is resistance look for 59020.

Alternative scenario

Above 61620, look for 62570 and 63140.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (60818) but below its 50 period moving average (60872).

Supports and resistances

63140 **

62570 *

61620 **

61240

60864 last

59590

59020 **

58450 *

57880 **

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