Bitcoin / USD may fall to 58070 - 58790

Our pivot point stands at 61340.

Our preference

The downside prevails as long as 61340 is resistance.

Alternative scenario

The upside breakout of 61340, would call for 62550 and 63270.

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 stands below its 20 and 50 period moving average (respectively at 60696 and 60849).

Supports and resistances

63270 **

62550 *

61340 **

60870

60378 last

58790

58070 **

57350 *

56630 **

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