Bitcoin / Euro may fall to 60090 - 60590

Our pivot point stands at 62260.

Our preference

The downside prevails as long as 62260 is resistance.

Alternative scenario

Above 62260, look for 63100 and 63590.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61825 and 62087).

Supports and resistances

63590 **

63100 *

62260 **

61930

61584 last

60590

60090 **

59590 *

59090 **

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