Bitcoin / Euro may fall to 58700 - 59220

Our pivot point is at 61010.

Our preference

The downside prevails as long as 61010 is resistance.

Alternative scenario

Above 61010, look for 61880 and 62400.

Comment

The RSI is below 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 61060 and 61492).

Supports and resistances

62400 **

61880 *

61010 **

60670

60323 last

59220

58700 **

58180 *

57660 **

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