Bitcoin / Euro may rise to 63010 - 63540

Our pivot point stands at 61200.

Our preference

As long as 61200 is support look for 63540.

Alternative scenario

The downside breakout of 61200 would call for 60310 and 59780.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 61809 and 60695).

Supports and resistances

64610 **

64070 *

63540 **

63010

61937 last

61550

61200 **

60310 *

59780 **

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