Bitcoin / Euro may rise to 60070 - 60580

Our pivot point stands at 58160.

Our preference

The upside prevails as long as 58160 is support.

Alternative scenario

Below 58160, expect 57320 and 56810.

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 above its 20 and 50 period moving average (respectively at 58096 and 57568).

Supports and resistances

61590 **

61080 *

60580 **

60070

58880 last

58490

58160 **

57320 *

56810 **

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