Bitcoin / Euro may fall to 62550 - 63190

Our pivot point is at 65520.

Our preference

Under pressure below 65520.

Alternative scenario

Above 65520, look for 66600 and 67240.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 64655 and 64498).

Supports and resistances

67240 **

66600 *

65520 **

65100

64498 last

63190

62550 **

61920 *

61280 **

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