Bitcoin / Euro may fall to 58480 - 59000

Our pivot point stands at 60740.

Our preference

The downside prevails as long as 60740 is resistance.

Alternative scenario

The upside breakout of 60740, would call for 61620 and 62150.

Comment

The RSI is below 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 60077 and 60066).

Supports and resistances

62150 **

61620 *

60740 **

60400

60050 last

59000

58480 **

57950 *

57430 **

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