Bitcoin / Euro may rise to 62380 - 62900

Our pivot point stands at 60560.

Our preference

The upside prevails as long as 60560 is support.

Alternative scenario

The downside breakout of 60560 would call for 59680 and 59150.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61145 and 61226).

Supports and resistances

63960 **

63430 *

62900 **

62380

61322 last

60910

60560 **

59680 *

59150 **

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