Bitcoin / Euro may rise to 61590 - 62120

Our pivot point stands at 59820.

Our preference

Rebound towards 62120.

Alternative scenario

Below 59820, expect 58930 and 58400.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (60420) but under its 50 period moving average (60698).

Supports and resistances

63180 **

62650 *

62120 **

61590

60520 last

60170

59820 **

58930 *

58400 **

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