Bitcoin / Euro may rise to 65240 - 65920

62960 is our pivot point.

Our preference

The upside prevails as long as 62960 is support.

Alternative scenario

The downside breakout of 62960 would call for 61820 and 61140.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 63101 and 62754).

Supports and resistances

67280 **

66600 *

65920 **

65240

63873 last

63410

62960 **

61820 *

61140 **

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