Bitcoin / Euro may fall to 60900 - 61570

Our pivot point is at 63870.

Our preference

The downside prevails as long as 63870 is resistance.

Alternative scenario

The upside breakout of 63870, would call for 65000 and 65670.

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 is trading under both its 20 and 50 period moving average (respectively at 63173 and 63130).

Supports and resistances

65670 **

65000 *

63870 **

63430

62975 last

61570

60900 **

60230 *

59560 **

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