Bitcoin / Euro may rise to 61150 - 61670

Our pivot point is at 59400.

Our preference

As long as 59400 is support look for 61670.

Alternative scenario

The downside breakout of 59400 would call for 58520 and 57990.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 60092 and 60098).

Supports and resistances

62720 **

62200 *

61670 **

61150

60098 last

59750

59400 **

58520 *

57990 **

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