Bitcoin / Euro may fall to 60590 - 61130

Our pivot point stands at 62990.

Our preference

Target 60590.

Alternative scenario

Above 62990, look for 63890 and 64430.

Comment

The RSI is below its neutrality area at 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 (62296) but above its 50 period moving average (62112).

Supports and resistances

64430 **

63890 *

62990 **

62630

62208 last

61130

60590 **

60060 *

59520 **

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