Bitcoin / Euro may fall to 58160 - 58680

Our pivot point stands at 60430.

Our preference

The downside prevails as long as 60430 is resistance.

Alternative scenario

Above 60430, look for 61290 and 61800.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60625 and 60925).

Supports and resistances

61800 **

61290 *

60430 **

60090

59747 last

58680

58160 **

57650 *

57140 **

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