Bitcoin / Euro may rise to 61320 - 61840

Our pivot point stands at 59540.

Our preference

As long as 59540 is support look for 61840.

Alternative scenario

The downside breakout of 59540 would call for 58680 and 58170.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60212 and 59990).

Supports and resistances

62870 **

62350 *

61840 **

61320

60224 last

59880

59540 **

58680 *

58170 **

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