Current price: 69600
Key point: 69000
Our preferred direction: Buy positions above 69000 levels with 73650 as a first target and then 80000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 69000 level, targeting the 61000 levels.
Technical commentary
Bitcoin was able to rise from the support levels of 61,000 and break the upper limit of the descending price channel, which is a continuation flag pattern and stability above the levels of 69,000, so the price is expected to rise to the levels of 73,500.
