Bitcoin / Euro may rise to 62630 - 63160

Our pivot point stands at 60780.

Our preference

As long as 60780 is support look for 63160.

Alternative scenario

Below 60780, expect 59890 and 59360.

Comment

The RSI is above 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 61112 and 60610).

Supports and resistances

64230 **

63700 *

63160 **

62630

61485 last

61130

60780 **

59890 *

59360 **

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