Bitcoin / USD may fall to 44500 - 49000

Pivot

63000

Our preference

Short positions below 63000 with targets at 49000 & 44500 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

58498 Last

49000

44500

39000

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