Bitcoin / Euro may rise to 62460 - 63000

60640 is our pivot point.

Our preference

The upside prevails as long as 60640 is support.

Alternative scenario

Below 60640, expect 59740 and 59210.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 60820 and 60656).

Supports and resistances

64070 **

63530 *

63000 **

62460

61354 last

61000

60640 **

59740 *

59210 **

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