Bitcoin / Euro may rise to 59750 - 60250

Our pivot point stands at 57990.

Our preference

Rebound towards 60250.

Alternative scenario

Below 57990, expect 57140 and 56640.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (58493) but below its 50 period moving average (58905).

Supports and resistances

61260 **

60760 *

60250 **

59750

58652 last

58320

57990 **

57140 *

56640 **

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