Bitcoin / Euro may fall to 60000 - 60590

Our pivot point is at 62560.

Our preference

The downside prevails as long as 62560 is resistance.

Alternative scenario

The upside breakout of 62560, would call for 63540 and 64130.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61886 and 61828).

Supports and resistances

64130 **

63540 *

62560 **

62180

61791 last

60590

60000 **

59420 *

58840 **

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