Bitcoin / Euro may fall to 60330 - 60870

Our pivot point is at 62700.

Our preference

The downside prevails as long as 62700 is resistance.

Alternative scenario

The upside breakout of 62700, would call for 63600 and 64130.

Comment

The RSI is below 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 62129 and 62189).

Supports and resistances

64130 **

63600 *

62700 **

62340

61988 last

60870

60330 **

59800 *

59260 **

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