Bitcoin / Euro may rise to 63920 - 64510

Our pivot point stands at 61920.

Our preference

The upside prevails as long as 61920 is support.

Alternative scenario

The downside breakout of 61920 would call for 60920 and 60330.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 62292 and 62357). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (62687).

Supports and resistances

65700 **

65110 *

64510 **

63920

62705 last

62310

61920 **

60920 *

60330 **

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