Bitcoin / Euro may rise to 63320 - 63860

Our pivot point is at 61520.

Our preference

Rebound towards 63860.

Alternative scenario

The downside breakout of 61520 would call for 60610 and 60070.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62357 and 62593).

Supports and resistances

64940 **

64400 *

63860 **

63320

62227 last

61870

61520 **

60610 *

60070 **

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