Bitcoin / USD may fall to 57320 - 57830

Our pivot point stands at 59730.

Our preference

Under pressure below 59730.

Alternative scenario

Above 59730, look for 60600 and 61120.

Comment

The RSI is below 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 trading under both its 20 and 50 period moving average (respectively at 59225 and 59134).

Supports and resistances

61120 **

60600 *

59730 **

59390

58909 last

57830

57320 **

56800 *

56290 **

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