Bitcoin / USD may fall to 61720 - 62270

Our pivot point is at 64360.

Our preference

The downside prevails as long as 64360 is resistance.

Alternative scenario

The upside breakout of 64360, would call for 65300 and 65860.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64112 and 64407).

Supports and resistances

65860 **

65300 *

64360 **

64000

63534 last

62270

61720 **

61160 *

60610 **

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