Bitcoin / USD may fall to 57250 - 57960

60490 is our pivot point.

Our preference

The downside prevails as long as 60490 is resistance.

Alternative scenario

Above 60490, look for 61680 and 62390.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59796 and 60056).

Supports and resistances

62390 **

61680 *

60490 **

60020

59506 last

57960

57250 **

56540 *

55830 **

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