Bitcoin / USD may fall to 58440 - 59160

61560 is our pivot point.

Our preference

As long as 61560 is resistance look for 58440.

Alternative scenario

Above 61560, look for 62780 and 63500.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (60552) but under its 50 period moving average (60696).

Supports and resistances

63500 **

62780 *

61560 **

61090

60608 last

59160

58440 **

57710 *

56990 **

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