Bitcoin / Euro may rise to 61480 - 62000

59580 is our pivot point.

Our preference

As long as 59580 is support look for 62000.

Alternative scenario

Below 59580, expect 58710 and 58200.

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 positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 59849 and 58714).

Supports and resistances

63030 **

62510 *

62000 **

61480

60448 last

59920

59580 **

58710 *

58200 **

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