Current price: 65700
Key point: 61000
Our preferred direction: Buy positions above 61000 levels with 73650 as a first target and then 75000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 59,000 level, targeting the 53,000 levels.
Technical commentary
Bitcoin price fell from 73650 levels of Bitcoin's historical peak and reached below 69000 levels, its previous historical peak. It is currently moving inside a symmetrical triangle on the daily frame. If it breaks down, it will head to the support levels of 59000-60000. However, if it can rise and close above the triangle, it will head to 73650 levels and then 75000.
