Bitcoin / Euro may fall to 57930 - 58440

Our pivot point is at 60220.

Our preference

The downside prevails as long as 60220 is resistance.

Alternative scenario

Above 60220, look for 61080 and 61590.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59740 and 59526).

Supports and resistances

61590 **

61080 *

60220 **

59890

59500 last

58440

57930 **

57420 *

56910 **

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