Bitcoin / Euro may fall to 58660 - 59180

60980 is our pivot point.

Our preference

The downside prevails as long as 60980 is resistance.

Alternative scenario

The upside breakout of 60980, would call for 61860 and 62390.

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 stands below its 20 and 50 period moving average (respectively at 60576 and 60828).

Supports and resistances

62390 **

61860 *

60980 **

60630

60270 last

59180

58660 **

58130 *

57610 **

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