Bitcoin / Euro may rise to 66120 - 70890

Our pivot point is at 49810.

Our preference

Rebound.

Alternative scenario

Below 49810, expect 41870 and 37150.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (54902) but under its 50 period moving average (56685).

Supports and resistances

80420 **

75660 *

70890 **

66120

56052 last

52920

49810 **

41870 *

37150 **

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