Bitcoin / Euro may fall to 59030 - 59560

Our pivot point stands at 61450.

Our preference

The downside prevails as long as 61450 is resistance.

Alternative scenario

Above 61450, look for 62340 and 62870.

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 is trading under both its 20 and 50 period moving average (respectively at 60917 and 60809).

Supports and resistances

62870 **

62340 *

61450 **

61100

60689 last

59560

59030 **

58500 *

57970 **

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