Bitcoin / Euro may fall to 60810 - 61350

Our pivot point stands at 63950.

Our preference

Under pressure below 63950.

Alternative scenario

The upside breakout of 63950, would call for 64860 and 65400.

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 63153 and 62796).

Supports and resistances

65400 **

64860 *

63950 **

63590

62730 last

61350

60810 **

60270 *

59740 **

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