Bitcoin / Euro may rise to 62650 - 63190

Our pivot point stands at 60870.

Our preference

As long as 60870 is support look for 63190.

Alternative scenario

The downside breakout of 60870 would call for 59970 and 59440.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 61402 and 60817).

Supports and resistances

64250 **

63720 *

63190 **

62650

61570 last

61220

60870 **

59970 *

59440 **

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