Bitcoin / Euro may rise to 62340 - 62860

Our pivot point stands at 60530.

Our preference

Rebound towards 62860.

Alternative scenario

The downside breakout of 60530 would call for 59640 and 59120.

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 (61120) but below its 50 period moving average (61335).

Supports and resistances

63920 **

63390 *

62860 **

62340

61226 last

60870

60530 **

59640 *

59120 **

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