Bitcoin / Euro may fall to 58350 - 58860

Our pivot point stands at 60610.

Our preference

Target 58350.

Alternative scenario

The upside breakout of 60610, would call for 61470 and 61980.

Comment

The RSI is below its neutrality area at 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 below its 20 period moving average (60311) but above its 50 period moving average (59717).

Supports and resistances

61980 **

61470 *

60610 **

60280

59933 last

58860

58350 **

57840 *

57330 **

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