Bitcoin / Euro may rise to 61860 - 62390

Our pivot point stands at 60020.

Our preference

Rebound towards 62390.

Alternative scenario

The downside breakout of 60020 would call for 59140 and 58620.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (60601) but below its 50 period moving average (61015).

Supports and resistances

63430 **

62910 *

62390 **

61860

60706 last

60360

60020 **

59140 *

58620 **

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