Bitcoin / Euro may rise to 62680 - 63210

Our pivot point stands at 60560.

Our preference

The upside prevails as long as 60560 is support.

Alternative scenario

Below 60560, expect 59670 and 59150.

Comment

The RSI is above its neutrality area at 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 61125 and 61141). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (61565).

Supports and resistances

64270 **

63740 *

63210 **

62680

61578 last

60900

60560 **

59670 *

59150 **

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