Bitcoin / Euro may rise to 62350 - 62870

Our pivot point stands at 60490.

Our preference

As long as 60490 is support look for 62870.

Alternative scenario

The downside breakout of 60490 would call for 59610 and 59080.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (61279) but above its 50 period moving average (60444).

Supports and resistances

63930 **

63400 *

62870 **

62350

61247 last

60840

60490 **

59610 *

59080 **

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