Bitcoin / Euro may rise to 62120 - 62650

60350 is our pivot point.

Our preference

The upside prevails as long as 60350 is support.

Alternative scenario

Below 60350, expect 59470 and 58950.

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 60702 and 60920). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (61069).

Supports and resistances

63700 **

63170 *

62650 **

62120

61075 last

60700

60350 **

59470 *

58950 **

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