Current price: 77300
Key point: 76000
Our preferred strategy: Buy positions above 76,000 with a first target of 79,000 and then a second target of 85,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 74400 level, targeting the 73000 level.
Technical commentary
Bitcoin is moving above the 200-period moving average on the four-hour timeframe and above the upward trend line from the current month's low, so the price is expected to continue rising to the 79,000 level and then the 85,000 level.
