Bitcoin / USD may fall to 58020 - 58540

Our pivot point stands at 60520.

Our preference

The downside prevails as long as 60520 is resistance.

Alternative scenario

Above 60520, look for 61400 and 61930.

Comment

The RSI is below 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 60380 and 60807).

Supports and resistances

61930 **

61400 *

60520 **

60180

59738 last

58540

58020 **

57500 *

56970 **

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