Current price: 73300
Key point: 65000
Our preferred strategy: Buy positions above 65,000 with a first target of 80,000 and then a second target of 90,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 62000 level, targeting the 55000 level.
Technical commentary
Bitcoin managed to hold above the 200-period moving average on the four-hour timeframe and above the pivotal 65,000 level. If it breaks through the important resistance level of 74,000, it will then head towards the 80,000 level and then the 90,000 level.
