Bitcoin / Euro may fall to 61250 - 61850

Our pivot point is at 63940.

Our preference

The downside prevails as long as 63940 is resistance.

Alternative scenario

The upside breakout of 63940, would call for 64940 and 65540.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63596 and 63219).

Supports and resistances

65540 **

64940 *

63940 **

63540

63038 last

61850

61250 **

60650 *

60060 **

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