Bitcoin / Euro may fall to 59040 - 59570

Our pivot point stands at 61450.

Our preference

Target 59040.

Alternative scenario

Above 61450, look for 62340 and 62870.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (60825) but above its 50 period moving average (60657).

Supports and resistances

62870 **

62340 *

61450 **

61100

60713 last

59570

59040 **

58520 *

57990 **

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