Bitcoin / USD may fall to 59770 - 60340

62250 is our pivot point.

Our preference

The downside prevails as long as 62250 is resistance.

Alternative scenario

The upside breakout of 62250, would call for 63220 and 63790.

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 61769 and 61641).

Supports and resistances

63790 **

63220 *

62250 **

61870

61492 last

60340

59770 **

59190 *

58610 **

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