Bitcoin / Euro may fall to 60250 - 60840

Our pivot point is at 62850.

Our preference

The downside prevails as long as 62850 is resistance.

Alternative scenario

Above 62850, look for 63840 and 64420.

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 62430 and 62640).

Supports and resistances

64420 **

63840 *

62850 **

62460

62076 last

60840

60250 **

59670 *

59080 **

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