Bitcoin / Euro may fall to 59870 - 60450

Our pivot point is at 62520.

Our preference

The downside prevails as long as 62520 is resistance.

Alternative scenario

Above 62520, look for 63510 and 64090.

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 stands below its 20 and 50 period moving average (respectively at 61982 and 62096). Finally, the Bitcoin / Euro has penetrated its lower Bollinger band (61619).

Supports and resistances

64090 **

63510 *

62520 **

62140

61617 last

60450

59870 **

59280 *

58700 **

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