Bitcoin / USD may fall to 61750 - 62510

Our pivot point stands at 65110.

Our preference

Under pressure below 65110.

Alternative scenario

The upside breakout of 65110, would call for 66400 and 67160.

Comment

The RSI is below 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 trading under both its 20 and 50 period moving average (respectively at 64098 and 64164).

Supports and resistances

67160 **

66400 *

65110 **

64610

64044 last

62510

61750 **

60980 *

60220 **

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