Bitcoin / USD may fall to 58420 - 58990

Our pivot point stands at 61100.

Our preference

The downside prevails as long as 61100 is resistance.

Alternative scenario

The upside breakout of 61100, would call for 62050 and 62610.

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 61027 and 61337).

Supports and resistances

62610 **

62050 *

61100 **

60720

60312 last

58990

58420 **

57860 *

57300 **

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