Bitcoin / Euro may rise to 61720 - 62240

Our pivot point is at 59860.

Our preference

The upside prevails as long as 59860 is support.

Alternative scenario

The downside breakout of 59860 would call for 58990 and 58470.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59250 and 59440).

Supports and resistances

63280 **

62760 *

62240 **

61720

60663 last

60210

59860 **

58990 *

58470 **

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