Bitcoin / Euro may fall to 60670 - 61170

Our pivot point is at 62950.

Our preference

The downside prevails as long as 62950 is resistance.

Alternative scenario

The upside breakout of 62950, would call for 63800 and 64300.

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 62245 and 62192).

Supports and resistances

64300 **

63800 *

62950 **

62620

62178 last

61170

60670 **

60160 *

59660 **

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