Bitcoin / Euro may rise to 65380 - 66010

Our pivot point stands at 62860.

Our preference

The upside prevails as long as 62860 is support.

Alternative scenario

Below 62860, expect 61800 and 61170.

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 trading above both its 20 and 50 period moving average (respectively at 63394 and 63446). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (63855).

Supports and resistances

67280 **

66640 *

66010 **

65380

64104 last

63280

62860 **

61800 *

61170 **

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