Bitcoin / Euro may fall to 58120 - 58640

Our pivot point stands at 60850.

Our preference

The downside prevails as long as 60850 is resistance.

Alternative scenario

Above 60850, look for 61740 and 62260.

Comment

The RSI is below 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 60412 and 61024).

Supports and resistances

62260 **

61740 *

60850 **

60510

59804 last

58640

58120 **

57600 *

57080 **

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