Bitcoin / Euro may rise to 59690 - 60190

Our pivot point stands at 57940.

Our preference

Rebound.

Alternative scenario

Below 57940, expect 57100 and 56600.

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 trigger further gains. Moreover, the price is trading above its 20 period moving average (58506) but under its 50 period moving average (58878).

Supports and resistances

61200 **

60690 *

60190 **

59690

58663 last

58280

57940 **

57100 *

56600 **

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