Bitcoin / Euro may fall to 62940 - 63580

Our pivot point is at 65970.

Our preference

The downside prevails as long as 65970 is resistance.

Alternative scenario

The upside breakout of 65970, would call for 67050 and 67700.

Comment

The RSI is below its neutrality area at 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 65338 and 65295). Finally, the Bitcoin / Euro is trading below its lower Bollinger band (standing at 64975).

Supports and resistances

67700 **

67050 *

65970 **

65550

64945 last

63580

62940 **

62300 *

61660 **

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