Bitcoin / Euro may fall to 59330 - 59850

Our pivot point stands at 61650.

Our preference

The downside prevails as long as 61650 is resistance.

Alternative scenario

The upside breakout of 61650, would call for 62530 and 63060.

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 is trading under both its 20 and 50 period moving average (respectively at 61290 and 61674).

Supports and resistances

63060 **

62530 *

61650 **

61310

60960 last

59850

59330 **

58810 *

58290 **

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