Bitcoin / Euro may fall to 58360 - 58870

Our pivot point is at 60720.

Our preference

Target 58360.

Alternative scenario

Above 60720, look for 61580 and 62100.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (60238) but above its 50 period moving average (59862).

Supports and resistances

62100 **

61580 *

60720 **

60380

59925 last

58870

58360 **

57850 *

57340 **

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