Bitcoin / Euro may rise to 63260 - 63760

Our pivot point stands at 61580.

Our preference

The upside prevails as long as 61580 is support.

Alternative scenario

The downside breakout of 61580 would call for 60740 and 60230.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61877 and 61743).

Supports and resistances

64770 **

64270 *

63760 **

63260

62252 last

61920

61580 **

60740 *

60230 **

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