Current price: 65000
Key point: 64690
Our preferred strategy: Buy positions above 64690 with a first target of 67300 and then a second target of 70500.
Alternative scenario: Stop loss and trend reversal upon breaking the 64000 level, targeting levels of 62480.
Technical commentary
Bitcoin is stable above the 200 moving average on the four-hour timeframe and above the upward trend line from the current month's low. If it breaks through the pivotal resistance level of 65600, it will head towards the 67300 level and then the 70500 level.
