Current price: 62800
Key point: 61000
Our preferred direction: Buy positions above 61000 levels with 67000 as a first target and then 73000 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 59,000 level, targeting the 55,000 levels.
Technical commentary
Bitcoin continues to bleed and reaches levels of 62340, and on the daily frame it approaches the pivotal support levels of 61000-59000 and near the ascending trend line from the bottom of last October, so it is expected that the currency will reach levels of 67000-70000 again.
