Bitcoin / Euro may rise to 60850 - 61360

Our pivot point is at 58700.

Our preference

The upside prevails as long as 58700 is support.

Alternative scenario

The downside breakout of 58700 would call for 57850 and 57340.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 58965 and 58805).

Supports and resistances

62390 **

61870 *

61360 **

60850

59604 last

59040

58700 **

57850 *

57340 **

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