Bitcoin / Euro may rise to 62460 - 62990

Our pivot point is at 60630.

Our preference

Our next up target stands at 62990.

Alternative scenario

The downside breakout of 60630 would call for 59750 and 59220.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 61142 and 61264).

Supports and resistances

64040 **

63520 *

62990 **

62460

61409 last

60980

60630 **

59750 *

59220 **

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