Bitcoin / Euro may fall to 59190 - 59720

Our pivot point is at 61640.

Our preference

Target 59190.

Alternative scenario

Above 61640, look for 62530 and 63060.

Comment

The RSI is below 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 trading under its 20 period moving average (61212) but above its 50 period moving average (60788).

Supports and resistances

63060 **

62530 *

61640 **

61290

60800 last

59720

59190 **

58660 *

58130 **

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