Current price: 70300
Key point: 65000
Our preferred strategy: Buy positions above 65,000 with a first target of 75,000 and then a second target of 80,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 62000 level, targeting the 55000 level.
Technical commentary
Bitcoin is still holding above the 60,000 bottom formed during last month's trading and is stable above the 200 moving average on the four-hour timeframe, making it expected to reach levels of 75,000 and then levels of 80,000.
