Bitcoin / Euro may rise to 63530 - 64070

Our pivot point stands at 61700.

Our preference

As long as 61700 is support look for 64070.

Alternative scenario

The downside breakout of 61700 would call for 60800 and 60260.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 62361 and 62077).

Supports and resistances

65150 **

64610 *

64070 **

63530

62444 last

62060

61700 **

60800 *

60260 **

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