Bitcoin / USD may fall to 46060 - 49590

Our pivot point stands at 61380.

Our preference

The downside prevails as long as 61380 is resistance.

Alternative scenario

Above 61380, look for 67320 and 70850.

Comment

The RSI is below 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 60546 and 65156).

Supports and resistances

70850 **

67320 *

61380 **

59050

56718 last

49590

46060 **

42530 *

39000 **

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