Bitcoin / Euro may rise to 63100 - 63690

Our pivot point stands at 61040.

Our preference

The upside prevails as long as 61040 is support.

Alternative scenario

Below 61040, expect 60060 and 59480.

Comment

The RSI is above 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 61805 and 61839). Finally, the Bitcoin / Euro has crossed above its upper Bollinger band (61924).

Supports and resistances

64860 **

64280 *

63690 **

63100

61933 last

61430

61040 **

60060 *

59480 **

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