Bitcoin / Euro may fall to 59620 - 60150

Our pivot point is at 62010.

Our preference

The downside prevails as long as 62010 is resistance.

Alternative scenario

Above 62010, look for 62900 and 63420.

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 61620 and 61478). Finally, the Bitcoin / Euro is trading below its lower Bollinger band (standing at 61344).

Supports and resistances

63420 **

62900 *

62010 **

61670

61235 last

60150

59620 **

59100 *

58570 **

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