Bitcoin / Euro may fall to 60260 - 60800

Our pivot point stands at 62630.

Our preference

The downside prevails as long as 62630 is resistance.

Alternative scenario

Above 62630, look for 63530 and 64070.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading above its 20 period moving average (61914) but under its 50 period moving average (62149).

Supports and resistances

64070 **

63530 *

62630 **

62280

61923 last

60800

60260 **

59730 *

59190 **

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