Bitcoin / USD may fall to 63400 - 64050

Our pivot point stands at 66500.

Our preference

The downside prevails as long as 66500 is resistance.

Alternative scenario

The upside breakout of 66500, would call for 67600 and 68260.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65970 and 66303).

Supports and resistances

68260 **

67600 *

66500 **

66060

65365 last

64050

63400 **

62740 *

62090 **

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