Current price: 85900
Key point: 82300
Our preferred strategy: Buy positions above 82300 with a first target of 91100 and then a second target of 94800.
Alternative scenario: Stop loss and trend reversal upon breaking the 81800 level, targeting the 76200 level.
Technical commentary
Bitcoin managed to hold above the daily moving average and break through the important resistance level of 82300.
If the price breaks through and holds above the 86,000 resistance level on a four-hour candle, it will then head towards the 91,000 level and subsequently to the 94,800 level.
