Bitcoin / USD may fall to 58930 - 59470

61280 is our pivot point.

Our preference

The downside prevails as long as 61280 is resistance.

Alternative scenario

The upside breakout of 61280, would call for 62190 and 62730.

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 61183 and 61788).

Supports and resistances

62730 **

62190 *

61280 **

60920

60557 last

59470

58930 **

58380 *

57840 **

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