Bitcoin / USD may fall to 58850 - 59380

Our pivot point is at 61200.

Our preference

The downside prevails as long as 61200 is resistance.

Alternative scenario

The upside breakout of 61200, would call for 62090 and 62620.

Comment

The RSI is below its neutrality area at 50. 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 60572 and 60567).

Supports and resistances

62620 **

62090 *

61200 **

60850

60472 last

59380

58850 **

58320 *

57790 **

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