Bitcoin / USD may fall to 62460 - 63020

Our pivot point is at 64940.

Our preference

The downside prevails as long as 64940 is resistance.

Alternative scenario

Above 64940, look for 65880 and 66450.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 65164 and 65783).

Supports and resistances

66450 **

65880 *

64940 **

64570

64182 last

63020

62460 **

61900 *

61340 **

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