Bitcoin / Euro may rise to 63670 - 64210

Our pivot point stands at 61650.

Our preference

Rebound.

Alternative scenario

The downside breakout of 61650 would call for 60740 and 60200.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (62391) but below its 50 period moving average (62930).

Supports and resistances

65290 **

64750 *

64210 **

63670

62588 last

62000

61650 **

60740 *

60200 **

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