Bitcoin / Euro may rise to 60130 - 60640

58270 is our pivot point.

Our preference

The upside prevails as long as 58270 is support.

Alternative scenario

The downside breakout of 58270 would call for 57420 and 56910.

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 58589 and 58851).

Supports and resistances

61650 **

61140 *

60640 **

60130

58937 last

58600

58270 **

57420 *

56910 **

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