Bitcoin / Euro may fall to 40490 - 44930

Our pivot point is at 60760.

Our preference

The downside prevails as long as 60760 is resistance.

Alternative scenario

Above 60760, look for 68360 and 72870.

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 56931 and 56899).

Supports and resistances

72870 **

68360 *

60760 **

57780

54000 last

44930

40490 **

36060 *

31620 **

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