Bitcoin / Euro may fall to 59010 - 59540

Our pivot point stands at 61320.

Our preference

The downside prevails as long as 61320 is resistance.

Alternative scenario

The upside breakout of 61320, would call for 62210 and 62740.

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 60656 and 60863).

Supports and resistances

62740 **

62210 *

61320 **

60970

60599 last

59540

59010 **

58480 *

57950 **

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