Bitcoin / Euro may rise to 65270 - 65880

Our pivot point is at 63030.

Our preference

The upside prevails as long as 63030 is support.

Alternative scenario

Below 63030, expect 62020 and 61410.

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 63025 and 62710). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (63931).

Supports and resistances

67090 **

66480 *

65880 **

65270

64060 last

63430

63030 **

62020 *

61410 **

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