Bitcoin / Euro may rise to 60350 - 60860

Our pivot point stands at 58660.

Our preference

As long as 58660 is support look for 60860.

Alternative scenario

Below 58660, expect 57810 and 57300.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 58934 and 57918).

Supports and resistances

61870 **

61370 *

60860 **

60350

59335 last

59000

58660 **

57810 *

57300 **

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