Bitcoin / Euro may rise to 63200 - 63700

Our pivot point stands at 61380.

Our preference

As long as 61380 is support look for 63700.

Alternative scenario

The downside breakout of 61380 would call for 60540 and 60040.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (62219) but above its 50 period moving average (61782).

Supports and resistances

64710 **

64200 *

63700 **

63200

62082 last

61710

61380 **

60540 *

60040 **

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