Bitcoin / Euro may fall to 59350 - 59870

Our pivot point is at 61670.

Our preference

The downside prevails as long as 61670 is resistance.

Alternative scenario

Above 61670, look for 62550 and 63070.

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 61205 and 61507).

Supports and resistances

63070 **

62550 *

61670 **

61320

60965 last

59870

59350 **

58830 *

58300 **

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