Bitcoin / Euro may rise to 66550 - 70090

54750 is our pivot point.

Our preference

Our next up target stands at 70090.

Alternative scenario

Below 54750, expect 48820 and 45290.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 55278 and 59290).

Supports and resistances

77160 **

73620 *

70090 **

66550

59421 last

57090

54750 **

48820 *

45290 **

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