Bitcoin / Euro may fall to 60070 - 60600

Our pivot point is at 62500.

Our preference

The downside prevails as long as 62500 is resistance.

Alternative scenario

Above 62500, look for 63400 and 63930.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61878 and 62055).

Supports and resistances

63930 **

63400 *

62500 **

62150

61703 last

60600

60070 **

59530 *

59000 **

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