Bitcoin / Euro may rise to 60240 - 60750

Our pivot point is at 58490.

Our preference

The upside prevails as long as 58490 is support.

Alternative scenario

The downside breakout of 58490 would call for 57640 and 57130.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59115 and 59183).

Supports and resistances

61770 **

61260 *

60750 **

60240

59212 last

58830

58490 **

57640 *

57130 **

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