Bitcoin / USD may fall to 59510 - 60080

Our pivot point is at 62130.

Our preference

The downside prevails as long as 62130 is resistance.

Alternative scenario

Above 62130, look for 63090 and 63650.

Comment

The RSI is below 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 61907 and 62980).

Supports and resistances

63650 **

63090 *

62130 **

61750

61378 last

60080

59510 **

58950 *

58380 **

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