Bitcoin / USD may fall to 64940 - 65520

67600 is our pivot point.

Our preference

The downside prevails as long as 67600 is resistance.

Alternative scenario

Above 67600, look for 68590 and 69170.

Comment

The RSI is below 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 67141 and 66957). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (66847).

Supports and resistances

69170 **

68590 *

67600 **

67220

66762 last

65520

64940 **

64350 *

63770 **

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