Bitcoin / Euro may rise to 60640 - 61150

58740 is our pivot point.

Our preference

Rebound towards 61150.

Alternative scenario

The downside breakout of 58740 would call for 57880 and 57370.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (59474) but under its 50 period moving average (60458).

Supports and resistances

62170 **

61660 *

61150 **

60640

59615 last

59080

58740 **

57880 *

57370 **

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