Current price: 67178
Key point: 61000
Our preferred direction: Buy positions above 61000 levels with 69000 as a first target and then 73000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 61000 level, targeting the 53000 levels.
Technical commentary
Bitcoin started to rise from the pivotal support levels 59000-61000 and from the lower limit of the ascending price channel, which is a bearish flag pattern continuing the upward trend, so it is expected that Bitcoin will continue to rise to reach levels 69000-73000.
