Bitcoin / Euro may rise to 63440 - 63980

Our pivot point stands at 61620.

Our preference

Rebound towards 63980.

Alternative scenario

The downside breakout of 61620 would call for 60720 and 60180.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (62356) but under its 50 period moving average (62687).

Supports and resistances

65060 **

64520 *

63980 **

63440

62360 last

61980

61620 **

60720 *

60180 **

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