Bitcoin / Euro may fall to 60130 - 60650

Our pivot point is at 62760.

Our preference

Under pressure below 62760.

Alternative scenario

Above 62760, look for 63650 and 64180.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62348 and 61861). Finally, the Bitcoin / Euro is trading below its lower Bollinger band (standing at 61978).

Supports and resistances

64180 **

63650 *

62760 **

62410

61853 last

60650

60130 **

59600 *

59070 **

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