Bitcoin / USD may fall to 58700 - 59420

61840 is our pivot point.

Our preference

Target 58700.

Alternative scenario

The upside breakout of 61840, would call for 63060 and 63790.

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 (60944) but above its 50 period moving average (60686).

Supports and resistances

63790 **

63060 *

61840 **

61360

60877 last

59420

58700 **

57970 *

57240 **

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