Bitcoin / USD may fall to 58710 - 59240

Our pivot point stands at 61300.

Our preference

Target 58710.

Alternative scenario

The upside breakout of 61300, would call for 62200 and 62730.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (60863) but above its 50 period moving average (60294).

Supports and resistances

62730 **

62200 *

61300 **

60950

60587 last

59240

58710 **

58190 *

57660 **

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