Bitcoin / Euro may fall to 61260 - 61800

Our pivot point stands at 63650.

Our preference

Target 61260.

Alternative scenario

The upside breakout of 63650, would call for 64560 and 65100.

Comment

The RSI is below 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 (62920) but above its 50 period moving average (62876).

Supports and resistances

65100 **

64560 *

63650 **

63290

62895 last

61800

61260 **

60710 *

60170 **

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