Bitcoin / Euro may fall to 61040 - 61580

Our pivot point stands at 63400.

Our preference

The downside prevails as long as 63400 is resistance.

Alternative scenario

Above 63400, look for 64310 and 64850.

Comment

The RSI is below its neutrality area at 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 62720 and 62744).

Supports and resistances

64850 **

64310 *

63400 **

63040

62680 last

61580

61040 **

60490 *

59950 **

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