Bitcoin / USD may fall to 39000 - 49000

Pivot

63000

Our preference

Short positions below 63000 with targets at 49000 & 39000 in extension.

Alternative scenario

Above 63000 look for further upside with 70000 & 73800 as targets.

Comment

As long as the resistance at 63000 is not surpassed, the risk of the break below 49000 remains high.

Supports and resistances

73800

70000

63000

59387 Last

49000

39000

33500

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