Bitcoin / Euro may rise to 61360 - 61880

59540 is our pivot point.

Our preference

The upside prevails as long as 59540 is support.

Alternative scenario

The downside breakout of 59540 would call for 58650 and 58130.

Comment

The RSI is above 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 60043 and 59908).

Supports and resistances

62940 **

62410 *

61880 **

61360

60234 last

59880

59540 **

58650 *

58130 **

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