Bitcoin / Euro may rise to 62500 - 63040

Our pivot point is at 60420.

Our preference

The upside prevails as long as 60420 is support.

Alternative scenario

The downside breakout of 60420 would call for 59530 and 59000.

Comment

The RSI is above 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 60781 and 60461).

Supports and resistances

64100 **

63570 *

63040 **

62500

61362 last

60770

60420 **

59530 *

59000 **

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