Bitcoin / Euro may rise to 63420 - 63950

Our pivot point stands at 61640.

Our preference

As long as 61640 is support look for 63950.

Alternative scenario

The downside breakout of 61640 would call for 60740 and 60210.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (62380) but above its 50 period moving average (61836).

Supports and resistances

65020 **

64490 *

63950 **

63420

62349 last

62000

61640 **

60740 *

60210 **

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