Bitcoin / Euro may rise to 60980 - 61510

59140 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 59140 would call for 58260 and 57740.

Comment

The RSI is above its neutrality area at 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 is trading above its 20 period moving average (59698) but under its 50 period moving average (60129).

Supports and resistances

62550 **

62030 *

61510 **

60980

59936 last

59490

59140 **

58260 *

57740 **

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