Bitcoin / Euro may rise to 61740 - 62270

Our pivot point stands at 59910.

Our preference

Rebound.

Alternative scenario

Below 59910, expect 59020 and 58490.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (60336) but below its 50 period moving average (60769).

Supports and resistances

63330 **

62800 *

62270 **

61740

60619 last

60260

59910 **

59020 *

58490 **

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