Bitcoin / Euro may rise to 62900 - 63430

Our pivot point is at 61050.

Our preference

The upside prevails as long as 61050 is support.

Alternative scenario

The downside breakout of 61050 would call for 60150 and 59620.

Comment

The RSI is above 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 61349 and 60707).

Supports and resistances

64500 **

63970 *

63430 **

62900

61752 last

61400

61050 **

60150 *

59620 **

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