Bitcoin / Euro may fall to 57640 - 58160

Our pivot point stands at 59900.

Our preference

The downside prevails as long as 59900 is resistance.

Alternative scenario

Above 59900, look for 60770 and 61280.

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 stands below its 20 and 50 period moving average (respectively at 59541 and 59853).

Supports and resistances

61280 **

60770 *

59900 **

59560

59215 last

58160

57640 **

57130 *

56610 **

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