Bitcoin / Euro may fall to 60670 - 61210

Our pivot point is at 63030.

Our preference

Target 60670.

Alternative scenario

The upside breakout of 63030, would call for 63940 and 64470.

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 below its 20 period moving average (62532) but above its 50 period moving average (62265).

Supports and resistances

64470 **

63940 *

63030 **

62670

62319 last

61210

60670 **

60130 *

59600 **

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