Bitcoin / Euro may fall to 60160 - 60700

Our pivot point is at 62690.

Our preference

The downside prevails as long as 62690 is resistance.

Alternative scenario

The upside breakout of 62690, would call for 63590 and 64120.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 62240 and 62398).

Supports and resistances

64120 **

63590 *

62690 **

62330

61913 last

60700

60160 **

59630 *

59100 **

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