Bitcoin / Euro may fall to 57780 - 58300

Our pivot point stands at 60370.

Our preference

The downside prevails as long as 60370 is resistance.

Alternative scenario

The upside breakout of 60370, would call for 61250 and 61770.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59941 and 60344).

Supports and resistances

61770 **

61250 *

60370 **

60030

59604 last

58300

57780 **

57260 *

56740 **

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