Current price: 65440
Key point: 64200
Our preferred strategy: Buy positions above 64200 with a first target of 67700 and then a second target of 70000
Alternative scenario: Stop loss and trend reversal upon breaking the 62500 level, targeting the 60000 level.
Technical commentary
Bitcoin managed to rise from the pivotal support levels of 60,000, which is the low of last February and from an upward trend line, breaking through the levels of 62,000 and then the levels of 64,000. It is expected that if the price retests the levels of 64,000, it will rise again to the levels of 67,000 and then the levels of 70,000.
