Bitcoin / Euro may rise to 65740 - 66430

Our pivot point stands at 63280.

Our preference

The upside prevails as long as 63280 is support.

Alternative scenario

The downside breakout of 63280 would call for 62130 and 61450.

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 63655 and 63046).

Supports and resistances

67800 **

67110 *

66430 **

65740

64360 last

63730

63280 **

62130 *

61450 **

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