Pivot point: 41086.00
Preferred scenario: Long positions above 41086.00, targeting levels 58467.00
Alternative scenario: Stop loss and change direction by breaking the level of 41086.00 with targeting levels of 28743.00
Comment
Bitcoin is moving in a strong uptrend on the daily frame, from the uptrend from last December's low
We notice the last correction that took place in the price last month, it fell 31% from the last high. We expect a drop to 31% from the last high. We expect a strong rise from the support levels at 41086.00, to target the high of 58467.00
