Bitcoin / Euro may fall to 60470 - 61140

Our pivot point stands at 63380.

Our preference

The downside prevails as long as 63380 is resistance.

Alternative scenario

The upside breakout of 63380, would call for 64500 and 65160.

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 62863 and 63425).

Supports and resistances

65160 **

64500 *

63380 **

62940

62500 last

61140

60470 **

59810 *

59140 **

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