Bitcoin / Euro may fall to 56960 - 57430

Our pivot point is at 59070.

Our preference

The downside prevails as long as 59070 is resistance.

Alternative scenario

The upside breakout of 59070, would call for 59860 and 60320.

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 stands below its 20 and 50 period moving average (respectively at 58579 and 58611).

Supports and resistances

60320 **

59860 *

59070 **

58760

58425 last

57430

56960 **

56500 *

56030 **

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