Bitcoin / USD may fall to 58330 - 59050

Our pivot point stands at 61530.

Our preference

Target 58330.

Alternative scenario

The upside breakout of 61530, would call for 62750 and 63470.

Comment

The RSI is below its neutrality area at 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 below its 20 period moving average (60980) but above its 50 period moving average (60128).

Supports and resistances

63470 **

62750 *

61530 **

61060

60498 last

59050

58330 **

57610 *

56880 **

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