Bitcoin / Euro may rise to 60450 - 60960

Our pivot point is at 58170.

Our preference

The upside prevails as long as 58170 is support.

Alternative scenario

Below 58170, expect 57320 and 56810.

Comment

The RSI is above its neutrality area at 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 58849 and 58697). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (59326).

Supports and resistances

61980 **

61470 *

60960 **

60450

59428 last

58500

58170 **

57320 *

56810 **

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