Bitcoin / Euro may rise to 60540 - 61050

Our pivot point stands at 58440.

Our preference

Rebound.

Alternative scenario

Below 58440, expect 57590 and 57080.

Comment

The RSI is above 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 its 20 period moving average (58925) but under its 50 period moving average (59450). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (59322).

Supports and resistances

62070 **

61560 *

61050 **

60540

59400 last

58780

58440 **

57590 *

57080 **

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