Bitcoin / Euro may rise to 60960 - 61480

Our pivot point stands at 59200.

Our preference

The upside prevails as long as 59200 is support.

Alternative scenario

The downside breakout of 59200 would call for 58340 and 57830.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59523 and 59458).

Supports and resistances

62510 **

61990 *

61480 **

60960

59934 last

59540

59200 **

58340 *

57830 **

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