Bitcoin / Euro may rise to 65980 - 66620

Our pivot point stands at 63700.

Our preference

The upside prevails as long as 63700 is support.

Alternative scenario

The downside breakout of 63700 would call for 62630 and 61990.

Comment

The RSI is above its neutrality area at 50. 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 64417 and 64329).

Supports and resistances

67900 **

67260 *

66620 **

65980

64570 last

64120

63700 **

62630 *

61990 **

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