Bitcoin / Euro may rise to 65350 - 65900

Our pivot point stands at 63270.

Our preference

The upside prevails as long as 63270 is support.

Alternative scenario

The downside breakout of 63270 would call for 62350 and 61800.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 63279 and 62732).

Supports and resistances

67010 **

66450 *

65900 **

65350

64130 last

63640

63270 **

62350 *

61800 **

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