Bitcoin / Euro may rise to 61720 - 62250

Our pivot point is at 59940.

Our preference

The upside prevails as long as 59940 is support.

Alternative scenario

The downside breakout of 59940 would call for 59050 and 58520.

Comment

The RSI is above its neutrality area at 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 60520 and 60623).

Supports and resistances

63310 **

62780 *

62250 **

61720

60652 last

60290

59940 **

59050 *

58520 **

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