Bitcoin / USD may fall to 59760 - 60330

Our pivot point stands at 62320.

Our preference

Target 59760.

Alternative scenario

The upside breakout of 62320, would call for 63290 and 63860.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (61620) but above its 50 period moving average (61454).

Supports and resistances

63860 **

63290 *

62320 **

61940

61493 last

60330

59760 **

59180 *

58610 **

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