Bitcoin / Euro may fall to 60310 - 60970

Our pivot point is at 63260.

Our preference

The downside prevails as long as 63260 is resistance.

Alternative scenario

The upside breakout of 63260, would call for 64370 and 65040.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62750 and 62581).

Supports and resistances

65040 **

64370 *

63260 **

62820

62350 last

60970

60310 **

59640 *

58980 **

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