Current price: 60200
Key point: 58300
Our preferred direction: Buy positions above 58300 levels with 63300 as a first target and then 66600 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 58300 level, targeting the 52900 levels.
Technical commentary
Bitcoin rose from the pivotal support levels of 52900 and formed a harmonic alt bat pattern with a 113% Fibonacci correction and returned again within the uptrend line.
The price was able to cross the 58390 level barrier with the 200 moving average, so it is expected to head directly to the 63000-66000 levels.
