Current price: 63220
Key point: 60975
Our preferred direction: Buy positions above 60975 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 59000 level, targeting the 52900 levels.
Technical commentary
After the huge rise that Bitcoin achieved since last month and its breach of its historical peak of 69,000, the most famous digital currency fell as a corrective decline to the support levels of 59,000-60,975 near the ascending trend line from the bottom of last January
It is expected to rise again to levels of 69,000 and then its last peak at levels of 73,000.
